Sullivan Environmental Services Inc. 401(k) Review & Grade
Sullivan Environmental Services 401k Plan
Galveston, TXAdministrative, Support & Staffing Services1,442 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,712Employer $ per active participant
$4,557Employee $ saved per active participant
0.55%Direct admin cost, % of plan assets
$41.4MNet plan assets, end of year
$50,628Average balance per account
Score breakdown
- Employer generosity36.9 / 5074th percentile for employer $ per participant
- Low cost5.0 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving11.1 / 1574th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 20th |
| Employee saving | 74th |
| Peers that auto-enroll | 27% |
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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
- Sullivan Environmental Services put in about $1,712 per active participant, more than the typical peer ($712). 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.
- Direct plan expenses (0.55% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $2,469,926 |
| Participant (employee) contributions | $6,574,099 |
| Other contributions (incl. rollovers in) | $1,641,293 |
| Administrative expenses paid from the plan | $194,827 |
| Investment advisory & management fees | $108,610 |
| Benefits paid out | $3,842,843 |
| Net assets, start / end of year | $29.3M / $41.4M |
| Active participants, start / end of year | 1,250 / 1,635 |
| Participants with account balances | 818 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Abip, PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $86,217 reported compensation |
| Usca Ria LLC | $85,396 reported compensation |
| Strategic Advisors, Inc. | $14,027 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251011085901NAL0005072499001, received 2025-10-11, EIN 76-0484079, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.