Sagility Operations Inc 401(k) Review & Grade
Sagility 401(k) Plan
Westminister, COHealth Care & Social Assistance3,754 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$263Employer $ per active participant
$833Employee $ saved per active participant
1.96%Direct admin cost, % of plan assets
$31.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity17.0 / 5034th percentile for employer $ per participant
- Low cost0.3 / 251th percentile for low admin cost vs. same-size plans
- Employee saving3.2 / 1522th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 1th |
| Employee saving | 22th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($537,420 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $171,899 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sagility Operations put in about $263 per active participant, below the typical peer ($800). 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 (1.96% of assets) are well above similar-size plans (0.12%). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $985,649 |
| Participant (employee) contributions | $3,128,334 |
| Other contributions (incl. rollovers in) | $154,324 |
| Administrative expenses paid from the plan | $544,309 |
| Contract administrator fees | $544,309 |
| Benefits paid out | $3,521,474 |
| Net assets, start / end of year | $24.4M / $31.1M |
| Active participants, start / end of year | 3,429 / 4,080 |
| Participants with account balances | 1,294 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Trailbreaker Accounting PLLC |
Largest service providers (Schedule C)
| Orenda Retirement, LLC | $363,608 reported compensation |
| Principal Life Insurance Company | $193,523 reported compensation |
| Side by Side Financials, Inc. | $66,446 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260223105054NAL0000972881001, received 2026-02-23, EIN 82-4313508, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.