Sazerac Company, Inc. 401(k) Review & Grade
Sazerac Company, Inc. 401(k) Plan
Louisville, KYManufacturing3,213 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,250Employer $ per active participant
$5,960Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$166.6MNet plan assets, end of year
$41,598Average balance per account
Score breakdown
- Employer generosity16.0 / 5032th percentile for employer $ per participant
- Low cost10.5 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1548th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 42th |
| Employee saving | 48th |
| Peers that auto-enroll | 70% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($688,744 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $20,373 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sazerac Company put in about $2,250 per active participant, below the typical peer ($3,452). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $7,228,692 |
| Participant (employee) contributions | $19,148,835 |
| Other contributions (incl. rollovers in) | $5,574,991 |
| Administrative expenses paid from the plan | $236,473 |
| Investment advisory & management fees | $39,000 |
| Benefits paid out | $18,201,820 |
| Net assets, start / end of year | $132.5M / $166.6M |
| Active participants, start / end of year | 3,212 / 3,214 |
| Participants with account balances | 4,005 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $169,022 reported compensation |
| Ubs Financial Services, Inc. | $39,000 reported compensation |
| Crowe LLP | $28,451 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015144343NAL0006626560002, received 2025-10-15, EIN 72-0310180, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.