Sierra Land Group, Inc. 401(k) Review & Grade
Sierra Land Group, Inc. 401(k) Plan
Glendale, CAReal Estate & Rental1,067 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$505Employer $ per active participant
$1,600Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$24.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.2 / 5020th percentile for employer $ per participant
- Low cost22.8 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 91th |
| Employee saving | 19th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $97,826 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sierra Land Group put in about $505 per active participant, below the typical peer ($1,279). 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.
- 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 | $538,904 |
| Participant (employee) contributions | $1,706,667 |
| Other contributions (incl. rollovers in) | $58,240 |
| Administrative expenses paid from the plan | $8,632 |
| Contract administrator fees | $4,557 |
| Benefits paid out | $4,270,498 |
| Net assets, start / end of year | $22.5M / $24.2M |
| Active participants, start / end of year | 982 / 1,152 |
| Participants with account balances | 447 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hutchinson and Bloodgood LLP |
Largest service providers (Schedule C)
| Fidelity Workplace Services LLC | $8,632 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250820070900NAL0001503667001, received 2025-08-20, EIN 95-2555837, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.