Sscp Management, Inc. 401(k) Review & Grade
Sscp Management Group 401(k) Plan
Dallas, TXAccommodation & Food Services5,207 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$22Employer $ per active participant
$104Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$7.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.4 / 507th percentile for employer $ per participant
- Low cost2.6 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 153th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score6 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 11th |
| Employee saving | 3th |
| Peers that auto-enroll | 15% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($964,975 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Sscp Management put in about $22 per active participant, below the typical peer ($244). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.57% of assets) are well above similar-size plans (0.12%). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $114,356 |
| Participant (employee) contributions | $543,726 |
| Other contributions (incl. rollovers in) | $248,546 |
| Administrative expenses paid from the plan | $41,429 |
| Contract administrator fees | $1,250 |
| Investment advisory & management fees | $25,795 |
| Benefits paid out | $699,585 |
| Net assets, start / end of year | $6.8M / $7.7M |
| Active participants, start / end of year | 4,253 / 6,161 |
| Participants with account balances | 1,452 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Ameritas Life Insurance Corp | $25,794 reported compensation |
| Ameritas Life Insurance Corp | $15,634 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015112031NAL0002316003001, received 2025-10-15, EIN 27-4937438, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.