Set Environmental, Inc. 401(k) Review & Grade
Set Environmental, Inc. 401(k) Savings Plan
Wheeling, ILAdministrative, Support & Staffing Services620 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$694Employer $ per active participant
$5,999Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$44.0MNet plan assets, end of year
$63,088Average balance per account
Score breakdown
- Employer generosity24.5 / 5049th percentile for employer $ per participant
- Low cost6.4 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving12.6 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 26th |
| Employee saving | 84th |
| Peers that auto-enroll | 27% |
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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
- Set Environmental put in about $694 per active participant, below the typical peer ($712). 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.
- Direct plan expenses (0.46% of assets) are well above similar-size plans (0.23%). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $429,992 |
| Participant (employee) contributions | $3,716,253 |
| Other contributions (incl. rollovers in) | $57,461 |
| Administrative expenses paid from the plan | $185,935 |
| Investment advisory & management fees | $67,309 |
| Other admin expenses | $3,310 |
| Benefits paid out | $2,464,314 |
| Net assets, start / end of year | $36.5M / $44.0M |
| Active participants, start / end of year | 618 / 621 |
| Participants with account balances | 698 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Sentinel Benefits Group, Inc. | $106,401 reported compensation |
| Sentinel Pension Advisors | $67,309 reported compensation |
| Fidelity Investments | $12,225 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916113149NAL0001155971001, received 2025-09-16, EIN 36-3018246, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.