SA Holding Company, Inc. 401(k) Review & Grade
SA Holding Company, Inc. 401(k) Plan
Ridgeland, MSHealth Care & Social Assistance630 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$136Employer $ per active participant
$1,356Employee $ saved per active participant
1.03%Direct admin cost, % of plan assets
$8.3MNet plan assets, end of year
$14,181Average balance per account
Score breakdown
- Employer generosity8.9 / 5018th percentile for employer $ per participant
- Low cost1.5 / 256th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 6th |
| Employee saving | 31th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $26,230 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- SA Holding Company put in about $136 per active participant, below the typical peer ($976). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (1.03% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $85,438 |
| Participant (employee) contributions | $854,375 |
| Other contributions (incl. rollovers in) | $82,308 |
| Administrative expenses paid from the plan | $77,328 |
| Investment advisory & management fees | $21,491 |
| Benefits paid out | $434,181 |
| Net assets, start / end of year | $6.7M / $8.3M |
| Active participants, start / end of year | 519 / 741 |
| Participants with account balances | 585 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Harper Rains Knight and Company |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $55,837 reported compensation |
| Regions Bank | $21,491 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010161451NAL0008004961001, received 2025-10-10, EIN 81-0588728, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.