Superior Group of Companies, Inc 401(k) Review & Grade
Superior Group of Companies Inc. 401(k) Plan
ST. Petersburg, FLOther Services622 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$751Employer $ per active participant
$6,024Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$44.3MNet plan assets, end of year
$57,896Average balance per account
Score breakdown
- Employer generosity18.1 / 5036th percentile for employer $ per participant
- Low cost10.6 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1581th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 43th |
| Employee saving | 81th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Corrective distributions: the plan refunded $14,661 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Superior Group of Companies put in about $751 per active participant, below the typical peer ($1,257). 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.
- 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 | $466,882 |
| Participant (employee) contributions | $3,746,626 |
| Other contributions (incl. rollovers in) | $780,916 |
| Administrative expenses paid from the plan | $117,899 |
| Investment advisory & management fees | $6,992 |
| Benefits paid out | $6,119,585 |
| Net assets, start / end of year | $38.9M / $44.3M |
| Active participants, start / end of year | 631 / 613 |
| Participants with account balances | 765 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Kemper CPA Group |
Largest service providers (Schedule C)
| Adp, Inc. | $117,899 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014060341NAL0002194305001, received 2025-10-14, EIN 11-1385670, plan #007, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.