Sams Holdings, LLC 401(k) Review & Grade
Sams Holdings 401(k) Retirement Plan
Matthews, NCOther Services750 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$299Employer $ per active participant
$976Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$4.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity11.1 / 5022th percentile for employer $ per participant
- Low cost8.0 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 32th |
| Employee saving | 24th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Sams Holdings put in about $299 per active participant, below the typical peer ($1,257). 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 (0.38% 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 | $224,181 |
| Participant (employee) contributions | $732,159 |
| Other contributions (incl. rollovers in) | $49,821 |
| Administrative expenses paid from the plan | $14,091 |
| Benefits paid out | $413,936 |
| Net assets, start / end of year | $3.2M / $4.2M |
| Active participants, start / end of year | 743 / 758 |
| Participants with account balances | 267 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $14,091 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925050412NAL0009380416001, received 2025-09-25, EIN 20-3672633, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.