Sie Holdings, Inc. 401(k) Review & Grade
Sie Holdings, Inc. 401(k) Retirement Plan
Charlotte, NCWholesale Trade500 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,430Employer $ per active participant
$4,694Employee $ saved per active participant
0.54%Direct admin cost, % of plan assets
$28.2MNet plan assets, end of year
$48,875Average balance per account
Score breakdown
- Employer generosity31.8 / 5064th percentile for employer $ per participant
- Low cost5.1 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 20th |
| Employee saving | 50th |
| Peers that auto-enroll | 53% |
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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
- Sie Holdings put in about $2,430 per active participant, more than the typical peer ($1,792). 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 (0.54% 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 | $1,216,114 |
| Participant (employee) contributions | $2,349,359 |
| Other contributions (incl. rollovers in) | $63,450 |
| Administrative expenses paid from the plan | $141,166 |
| Investment advisory & management fees | $61,872 |
| Benefits paid out | $2,147,807 |
| Net assets, start / end of year | $23.7M / $28.2M |
| Active participants, start / end of year | 520 / 481 |
| Participants with account balances | 576 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Arrowood & Associates, P.A. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $79,294 reported compensation |
| First Citizens Bank and Trust Compa | $45,000 reported compensation |
| Empower Advisory Group, LLC | $16,872 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007125638NAL0008177936001, received 2025-10-07, EIN 87-1317918, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.