Sports Endeavors, LLC 401(k) Review & Grade
Sports Endeavors, LLC 401(k) Plan
Hillsborough, NCRetail Trade636 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,532Employer $ per active participant
$2,693Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$56.6MNet plan assets, end of year
$113,196Average balance per account
Score breakdown
- Employer generosity38.0 / 5076th percentile for employer $ per participant
- Low cost23.3 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1545th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 93th |
| Employee saving | 45th |
| Peers that auto-enroll | 48% |
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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
- Sports Endeavors put in about $1,532 per active participant, more than the typical peer ($743). 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 | $974,433 |
| Participant (employee) contributions | $1,713,025 |
| Other contributions (incl. rollovers in) | $100,288 |
| Administrative expenses paid from the plan | $15,474 |
| Benefits paid out | $2,611,561 |
| Net assets, start / end of year | $48.0M / $56.6M |
| Active participants, start / end of year | 679 / 593 |
| Participants with account balances | 500 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| MVP Plan Administrators, Inc. | $15,474 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015122900NAL0002409123002, received 2025-10-15, EIN 56-1407278, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.