San Jose Sharks, LLC 401(k) Review & Grade
San Jose Sharks 401(k) Plan
San Jose, CAArts, Entertainment & Recreation500 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$923Employer $ per active participant
$3,414Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$39.4MNet plan assets, end of year
$102,194Average balance per account
Score breakdown
- Employer generosity23.4 / 5047th percentile for employer $ per participant
- Low cost18.6 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 74th |
| Employee saving | 71th |
| 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 ($14,413 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- San Jose Sharks put in about $923 per active participant, below the typical peer ($995). 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.
- 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 | $461,418 |
| Participant (employee) contributions | $1,706,991 |
| Other contributions (incl. rollovers in) | $6,516 |
| Administrative expenses paid from the plan | $36,823 |
| Investment advisory & management fees | $30,127 |
| Benefits paid out | $2,422,766 |
| Net assets, start / end of year | $35.3M / $39.4M |
| Active participants, start / end of year | 516 / 484 |
| Participants with account balances | 386 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Mma Securities LLC | $30,127 reported compensation |
| Transamerica Life Insurance Company | $6,696 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009161034NAL0006890945001, received 2025-10-09, EIN 73-1638357, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.