Securitas Security Services USA, in 401(k) Review & Grade
Securitas Security Services USA Incentive Savings and Retirement Plan
Westlake Village, CAAdministrative, Support & Staffing Services77,184 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$387Employer $ per active participant
$456Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$519.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity31.3 / 5062th percentile for employer $ per participant
- Low cost3.0 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 10,000+ active participants (33 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 12th |
| Employee saving | 28th |
| Peers that auto-enroll | 36% |
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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 ($2,442,812 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $63,299 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Securitas Security Services USA, in put in about $387 per active participant, more than the typical peer ($271). 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 (0.26% of assets) are well above similar-size plans (0.09%). 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.
- 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 | $29,854,533 |
| Participant (employee) contributions | $35,178,011 |
| Other contributions (incl. rollovers in) | $1,199,938 |
| Administrative expenses paid from the plan | $1,293,416 |
| Investment advisory & management fees | $103,093 |
| Other admin expenses | $90,639 |
| Benefits paid out | $71,239,642 |
| Net assets, start / end of year | $465.2M / $519.2M |
| Active participants, start / end of year | 77,627 / 76,740 |
| Participants with account balances | 17,094 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pbmares, LLP |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $1,048,222 reported compensation |
| Angeles Investment Advisors, LLC | $103,093 reported compensation |
| PB Mares, LLP | $90,240 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014142432NAL0006412242001, received 2025-10-14, EIN 71-0912217, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.