SGS North America Inc. 401(k) Review & Grade
SGS North America Inc. 401(k) Plan
Bloomfield, NJTransportation & Warehousing3,346 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,403Employer $ per active participant
$4,878Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$319.3MNet plan assets, end of year
$76,614Average balance per account
Score breakdown
- Employer generosity30.7 / 5061th percentile for employer $ per participant
- Low cost13.3 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 53th |
| Employee saving | 58th |
| Peers that auto-enroll | 46% |
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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
- SGS North America put in about $2,403 per active participant, more than the typical peer ($1,834). 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.
- 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 | $8,042,974 |
| Participant (employee) contributions | $16,323,478 |
| Other contributions (incl. rollovers in) | $5,316,096 |
| Administrative expenses paid from the plan | $338,833 |
| Other admin expenses | $45,955 |
| Benefits paid out | $34,158,403 |
| Net assets, start / end of year | $285.2M / $319.3M |
| Active participants, start / end of year | 3,200 / 3,493 |
| Participants with account balances | 4,168 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $215,253 reported compensation |
| Creative Planning LLC | $46,500 reported compensation |
| Cohnreznick LLP | $26,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015163013NAL0010311218001, received 2025-10-15, EIN 13-3041390, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.