Suse, LLC. 401(k) Review & Grade
Suse 401(k) Plan
Pleasant Grove, UTInformation664 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,192Employer $ per active participant
$14,465Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$58.7MNet plan assets, end of year
$64,788Average balance per account
Score breakdown
- Employer generosity28.8 / 5058th percentile for employer $ per participant
- Low cost8.9 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 35th |
| Employee saving | 83th |
| Peers that auto-enroll | 59% |
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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 ($15,122 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
- Suse put in about $3,192 per active participant, more than the typical peer ($2,829). 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 (0.35% 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.
- 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 | $2,117,724 |
| Participant (employee) contributions | $9,597,452 |
| Other contributions (incl. rollovers in) | $1,540,466 |
| Administrative expenses paid from the plan | $181,578 |
| Investment advisory & management fees | $94,255 |
| Benefits paid out | $8,012,545 |
| Net assets, start / end of year | $45.9M / $58.7M |
| Active participants, start / end of year | 668 / 659 |
| Participants with account balances | 906 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clark Nuber |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $87,323 reported compensation |
| Empower Advisory Group, LLC | $68,547 reported compensation |
| Leafhouse Financial Advisors, LLC | $25,708 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014122518NAL0002756385001, received 2025-10-14, EIN 45-4703967, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.