Sport Clips, Inc. 401(k) Review & Grade
The Sport Clips Game Plan
Georgetown, TXOther Services888 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,367Employer $ per active participant
$2,193Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$21.9MNet plan assets, end of year
$20,723Average balance per account
Score breakdown
- Employer generosity26.7 / 5053th percentile for employer $ per participant
- Low cost20.0 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving6.5 / 1543th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 80th |
| Employee saving | 43th |
| Peers that auto-enroll | 40% |
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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
- Sport Clips put in about $1,367 per active participant, more than the typical peer ($1,257). 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 | $1,214,675 |
| Participant (employee) contributions | $1,948,192 |
| Other contributions (incl. rollovers in) | $257,123 |
| Administrative expenses paid from the plan | $15,656 |
| Benefits paid out | $2,525,197 |
| Net assets, start / end of year | $18.7M / $21.9M |
| Active participants, start / end of year | 596 / 1,181 |
| Participants with account balances | 1,059 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ryan & Mann LLC |
Largest service providers (Schedule C)
| Wells Fargo Clearing Services LLC | $47,334 reported compensation |
| Fidelity Investments Institutional | $15,656 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010185542NAL0004867555001, received 2025-10-10, EIN 74-2759375, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.