Sunbelt Rentals, Inc. 401(k) Review & Grade
Sunbelt Rentals, Inc. Retirement Savings Plan
Fort Mill, SCReal Estate & Rental19,542 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,850Employer $ per active participant
$5,676Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$61,570Average balance per account
Score breakdown
- Employer generosity22.7 / 5045th percentile for employer $ per participant
- Low cost7.2 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1555th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 29th |
| Employee saving | 55th |
| Peers that auto-enroll | 50% |
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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 ($4,350,930 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
- Sunbelt Rentals put in about $1,850 per active participant, below the typical peer ($2,229). 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 (0.15% of assets) are well above similar-size plans (0.09%). 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 | $36,157,702 |
| Participant (employee) contributions | $110,916,046 |
| Other contributions (incl. rollovers in) | $15,936,416 |
| Administrative expenses paid from the plan | $1,596,914 |
| Contract administrator fees | $1,589,055 |
| Benefits paid out | $105,715,646 |
| Net assets, start / end of year | $997.5M / $1.2B |
| Active participants, start / end of year | 20,374 / 18,710 |
| Participants with account balances | 19,353 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Greerwalker LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $1,713,995 reported compensation |
| Kestra Investment Services LLC | $193,915 reported compensation |
| Greerwalkerllp LLP | $21,900 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015073738NAL0008197074001, received 2025-10-15, EIN 58-0415192, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.