Sage Automotive Interiors, Inc. 401(k) Review & Grade
Sage Automotive Interiors, Inc. 401(k) Plan
Greenville, SCManufacturing938 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,790Employer $ per active participant
$4,283Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$72.1MNet plan assets, end of year
$59,588Average balance per account
Score breakdown
- Employer generosity29.9 / 5060th percentile for employer $ per participant
- Low cost11.6 / 2546th 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-5 pts1 issue reported on the filing
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 46th |
| Employee saving | 41th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Sage Automotive Interiors put in about $2,790 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $2,616,922 |
| Participant (employee) contributions | $4,017,288 |
| Other contributions (incl. rollovers in) | $88,143 |
| Administrative expenses paid from the plan | $174,644 |
| Investment advisory & management fees | $71,899 |
| Benefits paid out | $6,658,747 |
| Net assets, start / end of year | $64.0M / $72.1M |
| Active participants, start / end of year | 920 / 956 |
| Participants with account balances | 1,210 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Scott & Company |
Largest service providers (Schedule C)
| Global Retirement Partners, LLC | $71,899 reported compensation |
| Transamerica Retirement Solutions | $70,295 reported compensation |
| Scott + Company | $34,450 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014073619NAL0001078819002, received 2025-10-14, EIN 27-0266382, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.