Safelite Group, Inc. 401(k) Review & Grade
Safelite Group Associates' Retirement Savings Plan
Columbus, OHOther Services15,198 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,242Employer $ per active participant
$3,730Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$719.0MNet plan assets, end of year
$35,904Average balance per account
Score breakdown
- Employer generosity18.7 / 5037th percentile for employer $ per participant
- Low cost3.0 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score35 / 100 · Grade D
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 12th |
| Employee saving | 41th |
| Peers that auto-enroll | 50% |
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Red flags from the filing
Corrective distributions: the plan refunded $44,473 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Safelite Group put in about $1,242 per active participant, below the typical peer ($2,229). 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 (0.26% of assets) are well above similar-size plans (0.09%). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $18,883,719 |
| Participant (employee) contributions | $56,694,045 |
| Other contributions (incl. rollovers in) | $3,830,391 |
| Administrative expenses paid from the plan | $1,784,908 |
| Other admin expenses | $1,784,908 |
| Benefits paid out | $99,652,707 |
| Net assets, start / end of year | $654.9M / $719.0M |
| Active participants, start / end of year | 16,041 / 14,356 |
| Participants with account balances | 20,026 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Brixey and Meyer, Inc. |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $1,719,428 reported compensation |
| Vanguard Advisers Inc. | $92,830 reported compensation |
| Atlanta Consulting Group Advisors, | $37,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260109122016NAL0011303456001, received 2026-01-09, EIN 31-1725961, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.