San Antonio Shoe, Inc. 401(k) Review & Grade
San Antonio Shoe, Inc. 401(k) Savings Plan
San Antonio, TXManufacturing1,159 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$263Employer $ per active participant
$821Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$9.6MNet plan assets, end of year
$10,932Average balance per account
Score breakdown
- Employer generosity1.7 / 503th percentile for employer $ per participant
- Low cost22.0 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 152th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 88th |
| Employee saving | 2th |
| Peers that auto-enroll | 59% |
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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
- San Antonio Shoe put in about $263 per active participant, below the typical peer ($2,320). 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.
- 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.
- 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 | $304,423 |
| Participant (employee) contributions | $952,080 |
| Other contributions (incl. rollovers in) | $404,226 |
| Administrative expenses paid from the plan | $4,350 |
| Benefits paid out | $1,577,669 |
| Net assets, start / end of year | $8.8M / $9.6M |
| Active participants, start / end of year | 1,240 / 1,078 |
| Participants with account balances | 874 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Adkf P.C. |
Largest service providers (Schedule C)
| Adp, Inc. | $4,350 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008051947NAL0003050291001, received 2025-10-08, EIN 74-1885020, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.