Seko Worldwide, LLC 401(k) Review & Grade
Seko Worldwide Employees' 401(k) Retirement Savings Plan
Schaumburg, ILTransportation & Warehousing543 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,065Employer $ per active participant
$5,180Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$26.8MNet plan assets, end of year
$38,430Average balance per account
Score breakdown
- Employer generosity24.9 / 5050th percentile for employer $ per participant
- Low cost10.9 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1575th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 43th |
| Employee saving | 75th |
| Peers that auto-enroll | 37% |
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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 ($24,112 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $29,256 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Seko Worldwide put in about $1,065 per active participant, below the typical peer ($1,070). 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 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 | $578,314 |
| Participant (employee) contributions | $2,812,855 |
| Other contributions (incl. rollovers in) | $674,936 |
| Administrative expenses paid from the plan | $73,268 |
| Investment advisory & management fees | $16,847 |
| Benefits paid out | $7,356,419 |
| Net assets, start / end of year | $26.1M / $26.8M |
| Active participants, start / end of year | 495 / 591 |
| Participants with account balances | 697 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cassel Plan Audits PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $56,421 reported compensation |
| Mma Securities | $12,571 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015094645NAL0004493713001, received 2025-10-15, EIN 20-0422695, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.