Sims Group USA Holdings Corp 401(k) Review & Grade
Sims Group USA Holdings Corp 401(k) Plan
Chicago, ILWholesale Trade2,065 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,411Employer $ per active participant
$5,904Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$201.0MNet plan assets, end of year
$76,349Average balance per account
Score breakdown
- Employer generosity39.3 / 5079th percentile for employer $ per participant
- Low cost23.4 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1567th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 94th |
| Employee saving | 67th |
| 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
- Sims Group USA Holdings put in about $3,411 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.
- 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 | $7,042,794 |
| Participant (employee) contributions | $12,191,234 |
| Other contributions (incl. rollovers in) | $2,362,494 |
| Administrative expenses paid from the plan | $51,012 |
| Investment advisory & management fees | $70,629 |
| Benefits paid out | $25,690,359 |
| Net assets, start / end of year | $181.3M / $201.0M |
| Active participants, start / end of year | 2,011 / 2,119 |
| Participants with account balances | 2,633 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante Moran |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $70,629 reported compensation |
| Fidelity Investments Institutional | −$19,567 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013131758NAL0001311489001, received 2025-10-13, EIN 20-3622384, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.