Sierra Space Corporation 401(k) Review & Grade
Sierra Space Corporation 401(k) Profit Sharing Plan
Broomfield, COManufacturing1,800 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$12,482Employer $ per active participant
$13,309Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$293.0MNet plan assets, end of year
$142,461Average balance per account
Score breakdown
- Employer generosity49.3 / 5099th percentile for employer $ per participant
- Low cost22.0 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score86 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 88th |
| Employee saving | 96th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,157 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sierra Space put in about $12,482 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.
- 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 | $22,460,532 |
| Participant (employee) contributions | $23,949,458 |
| Other contributions (incl. rollovers in) | $3,824,380 |
| Administrative expenses paid from the plan | $126,174 |
| Investment advisory & management fees | $20,634 |
| Other admin expenses | $37,500 |
| Benefits paid out | $31,614,747 |
| Net assets, start / end of year | $236.5M / $293.0M |
| Active participants, start / end of year | 1,933 / 1,666 |
| Participants with account balances | 2,057 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $68,040 reported compensation |
| Merrill Lynch | $37,500 reported compensation |
| Strategic Advisors, Inc. | $20,634 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015115746NAL0005999248001, received 2025-10-15, EIN 86-1752692, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.