Sap America, Inc. 401(k) Review & Grade
Sap America, Inc. 401(k) Plan
Newtown Square, PARetail Trade17,504 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,596Employer $ per active participant
$17,365Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$8.1BNet plan assets, end of year
$320,950Average balance per account
Score breakdown
- Employer generosity49.2 / 5098th percentile for employer $ per participant
- Low cost17.0 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving15.0 / 15100th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 68th |
| Employee saving | 100th |
| Peers that auto-enroll | 32% |
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Red flags from the filing
Corrective distributions: the plan refunded $18,644 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sap America put in about $6,596 per active participant, more than the typical peer ($689). 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.
- 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 | $115,447,958 |
| Participant (employee) contributions | $303,956,027 |
| Other contributions (incl. rollovers in) | $29,968,995 |
| Administrative expenses paid from the plan | $4,290,025 |
| Other admin expenses | $4,290,025 |
| Benefits paid out | $974,168,746 |
| Net assets, start / end of year | $7.5B / $8.1B |
| Active participants, start / end of year | 18,420 / 16,587 |
| Participants with account balances | 25,371 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kreischer Miller |
| Employer stock held by plan | $121,650,017 |
Largest service providers (Schedule C)
| Vanguard Advisers Inc. | $3,509,196 reported compensation |
| The Vanguard Group, Inc. | $816,839 reported compensation |
| Charles Schwab & Co., Inc. | $75,824 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250717123900NAL0000292305001, received 2025-07-17, EIN 36-3556041, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.