Swbg, LLC 401(k) Review & Grade
Swbg, LLC 401(k) Plan
Orlando, FLArts, Entertainment & Recreation17,728 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$126Employer $ per active participant
$538Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$269.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.6 / 509th percentile for employer $ per participant
- Low cost5.1 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score14 / 100 · Grade F
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 | 9th |
| Lower admin cost | 21th |
| Employee saving | 8th |
| Peers that auto-enroll | 50% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Swbg put in about $126 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 (0.18% 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.
- 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 | $2,225,965 |
| Participant (employee) contributions | $9,537,586 |
| Other contributions (incl. rollovers in) | $1,526,397 |
| Administrative expenses paid from the plan | $476,166 |
| Investment advisory & management fees | $83,750 |
| Other admin expenses | $12,639 |
| Benefits paid out | $35,865,164 |
| Net assets, start / end of year | $262.5M / $269.4M |
| Active participants, start / end of year | 13,883 / 21,573 |
| Participants with account balances | 8,003 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Warren Averett,llc |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $379,777 reported compensation |
| Alliant Insurance Services Inc | $80,000 reported compensation |
| Advised Assets Group, LLC | $3,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007092932NAL0004378513001, received 2025-10-07, EIN 38-3958040, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.