Sight & Sound Ministries, Inc. 401(k) Review & Grade
Sight & Sound Ministries, Inc. Retirement Savings Plan
Ronks, PAArts, Entertainment & Recreation804 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,031Employer $ per active participant
$2,946Employee $ saved per active participant
0.73%Direct admin cost, % of plan assets
$27.9MNet plan assets, end of year
$30,420Average balance per account
Score breakdown
- Employer generosity25.4 / 5051th percentile for employer $ per participant
- Low cost3.0 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1563th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 12th |
| Employee saving | 63th |
| Peers that auto-enroll | 38% |
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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
- Sight & Sound Ministries put in about $1,031 per active participant, more than the typical peer ($995). 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 (0.73% 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 | $829,186 |
| Participant (employee) contributions | $2,370,200 |
| Other contributions (incl. rollovers in) | $25,734 |
| Administrative expenses paid from the plan | $186,539 |
| Contract administrator fees | $99,615 |
| Investment advisory & management fees | $74,286 |
| Benefits paid out | $1,729,539 |
| Net assets, start / end of year | $23.3M / $27.9M |
| Active participants, start / end of year | 797 / 812 |
| Participants with account balances | 917 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Brown Plus |
Largest service providers (Schedule C)
| Ascensus LLC | $99,615 reported compensation |
| One Digital Investment Advisors | $63,428 reported compensation |
| Brown Plus | $12,638 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002115824NAL0000290547001, received 2025-10-02, EIN 23-2373300, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.