Sirius XM Radio LLC 401(k) Review & Grade
Sirius XM Radio 401(k) Savings Plan
New York, NYInformation4,764 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,190Employer $ per active participant
$13,587Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$1.0BNet plan assets, end of year
$155,924Average balance per account
Score breakdown
- Employer generosity28.8 / 5058th percentile for employer $ per participant
- Low cost19.4 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Information plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 77th |
| Employee saving | 76th |
| Peers that auto-enroll | 63% |
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Red flags from the filing
Corrective distributions: the plan refunded $10,263 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sirius XM Radio put in about $4,190 per active participant, more than the typical peer ($3,691). 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.
- 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 | $19,957,154 |
| Participant (employee) contributions | $64,721,234 |
| Other contributions (incl. rollovers in) | $7,937,715 |
| Administrative expenses paid from the plan | $515,018 |
| Contract administrator fees | $2,400 |
| Investment advisory & management fees | $182,475 |
| Benefits paid out | $98,803,652 |
| Net assets, start / end of year | $937.3M / $1.0B |
| Active participants, start / end of year | 4,802 / 4,725 |
| Participants with account balances | 6,677 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
| Employer stock held by plan | $20,053,922 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $357,807 reported compensation |
| Strategic Advisors, Inc. | $182,475 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250716125656NAL0004898736001, received 2025-07-16, EIN 52-1700207, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.