Sharkninja Management Company 401(k) Review & Grade
Sharkninja Management Company Employees Savings Plan
Needham, MAManufacturing1,294 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,474Employer $ per active participant
$10,718Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$129.4MNet plan assets, end of year
$67,978Average balance per account
Score breakdown
- Employer generosity42.8 / 5086th percentile for employer $ per participant
- Low cost11.0 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving13.8 / 1592th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 44th |
| Employee saving | 92th |
| Peers that auto-enroll | 59% |
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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 ($1,721 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $6,297 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sharkninja Management put in about $5,474 per active participant, more than the typical peer ($2,320). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $7,083,614 |
| Participant (employee) contributions | $13,868,457 |
| Other contributions (incl. rollovers in) | $6,076,901 |
| Administrative expenses paid from the plan | $308,617 |
| Other admin expenses | $308,617 |
| Benefits paid out | $9,663,584 |
| Net assets, start / end of year | $97.2M / $129.4M |
| Active participants, start / end of year | 1,154 / 1,434 |
| Participants with account balances | 1,904 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $153,129 reported compensation |
| Global Retirement Partners LLC | $126,305 reported compensation |
| Empower Advisory Group, LLC | $29,183 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250410083550NAL0023944689004, received 2025-04-10, EIN 38-3685665, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.