Sea Island Company LLC 401(k) Review & Grade
Sea Island 401(k) Savings Plan
Sea Island, GAAccommodation & Food Services3,342 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$313Employer $ per active participant
$921Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$43.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity29.6 / 5059th percentile for employer $ per participant
- Low cost5.1 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 20th |
| Employee saving | 56th |
| Peers that auto-enroll | 15% |
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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
- Sea Island Company put in about $313 per active participant, more than the typical peer ($244). 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.
- Direct plan expenses (0.33% of assets) are well above similar-size plans (0.12%). 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 | $1,045,069 |
| Participant (employee) contributions | $3,078,322 |
| Other contributions (incl. rollovers in) | $22,898 |
| Administrative expenses paid from the plan | $131,691 |
| Contract administrator fees | $131,691 |
| Benefits paid out | $1,600,794 |
| Net assets, start / end of year | $36.0M / $43.8M |
| Active participants, start / end of year | 3,101 / 3,583 |
| Participants with account balances | 1,154 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mstiller, LLC |
Largest service providers (Schedule C)
| Schwartz & Co | $58,362 reported compensation |
| Nationwide | $57,237 reported compensation |
| Moore Stephens Tiller | $15,033 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015151101NAL0002522035001, received 2025-10-15, EIN 27-3164607, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.