Sedgwick Claims Management Services, Inc. 401(k) Review & Grade
Sedgwick 401(k) Savings Plan
Memphis, TNFinance & Insurance25,649 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,743Employer $ per active participant
$4,853Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$1.9BNet plan assets, end of year
$65,002Average balance per account
Score breakdown
- Employer generosity2.1 / 504th percentile for employer $ per participant
- Low cost14.1 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving0.2 / 151th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 10,000+ active participants (72 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 4th |
| Lower admin cost | 56th |
| Employee saving | 1th |
| Peers that auto-enroll | 74% |
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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
- Sedgwick Claims Management Services put in about $1,743 per active participant, below the typical peer ($5,179). 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.
- 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 | $44,713,706 |
| Participant (employee) contributions | $124,487,421 |
| Other contributions (incl. rollovers in) | $13,427,791 |
| Administrative expenses paid from the plan | $1,333,005 |
| Contract administrator fees | $1,333,005 |
| Benefits paid out | $202,188,659 |
| Net assets, start / end of year | $1.7B / $1.9B |
| Active participants, start / end of year | 25,842 / 25,456 |
| Participants with account balances | 29,448 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Watkins Uiberall, PLLC |
Largest service providers (Schedule C)
| Merrill Lynch,pierce, Fenner, Smith | $1,332,966 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015170211NAL0002788131001, received 2025-10-15, EIN 36-2685608, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.