Sierra Lobo, Inc. 401(k) Review & Grade
Sierra Lobo, Inc. 401(k) Plan
Milan, OHProfessional, Scientific & Technical Services534 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,872Employer $ per active participant
$7,043Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$48.6MNet plan assets, end of year
$72,321Average balance per account
Score breakdown
- Employer generosity16.0 / 5032th percentile for employer $ per participant
- Low cost10.8 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 43th |
| Employee saving | 35th |
| Peers that auto-enroll | 48% |
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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
- Sierra Lobo put in about $1,872 per active participant, below the typical peer ($3,082). 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.
- 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 | $998,822 |
| Participant (employee) contributions | $3,757,698 |
| Other contributions (incl. rollovers in) | $514,226 |
| Administrative expenses paid from the plan | $128,076 |
| Contract administrator fees | $128,076 |
| Benefits paid out | $5,081,043 |
| Net assets, start / end of year | $43.3M / $48.6M |
| Active participants, start / end of year | 538 / 529 |
| Participants with account balances | 672 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $127,986 reported compensation |
| Osaic Wealth, Inc. | $72,750 reported compensation |
| Pension Innovations & Consulting | $10,095 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002094539NAL0000264961001, received 2025-10-02, EIN 34-1759655, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.