SH Group Operations, LLC 401(k) Review & Grade
SH Group Retirement Savings Plan
Coconut Grove, FLAccommodation & Food Services1,788 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,353Employer $ per active participant
$2,407Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$28.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity45.2 / 5090th percentile for employer $ per participant
- Low cost8.3 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 33th |
| Employee saving | 88th |
| Peers that auto-enroll | 17% |
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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 ($176,247 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- SH Group Operations put in about $1,353 per active participant, more than the typical peer ($266). 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 (0.37% 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 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 | $2,418,366 |
| Participant (employee) contributions | $4,304,089 |
| Other contributions (incl. rollovers in) | $1,375,429 |
| Administrative expenses paid from the plan | $89,968 |
| Contract administrator fees | $89,968 |
| Benefits paid out | $3,075,497 |
| Net assets, start / end of year | $20.2M / $28.2M |
| Active participants, start / end of year | 1,739 / 1,837 |
| Participants with account balances | 783 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $89,965 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003152214NAL0001560961001, received 2025-10-03, EIN 26-4006966, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.