Sweep America Intermediate Holdings, LLC 401(k) Review & Grade
Sca 401(k) Plan
Cleveland, OHTransportation & Warehousing1,210 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,112Employer $ per active participant
$742Employee $ saved per active participant
0.65%Direct admin cost, % of plan assets
$8.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity25.7 / 5051th percentile for employer $ per participant
- Low cost3.8 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 15th |
| Employee saving | 8th |
| Peers that auto-enroll | 37% |
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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 ($235 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
- Sweep America Intermediate Holdings put in about $1,112 per active participant, more than the typical peer ($1,070). 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 (0.65% 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 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 | $1,345,615 |
| Participant (employee) contributions | $897,672 |
| Other contributions (incl. rollovers in) | $428,606 |
| Administrative expenses paid from the plan | $52,119 |
| Investment advisory & management fees | $52,119 |
| Benefits paid out | $2,132,099 |
| Net assets, start / end of year | $7.4M / $8.7M |
| Active participants, start / end of year | 1,238 / 1,182 |
| Participants with account balances | 391 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $28,060 reported compensation |
| Global Retirement Partners LLC | $21,867 reported compensation |
| Ascensus Holdings Inc. DBA Futurepl | $11,460 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006063538NAL0005548448001, received 2025-10-06, EIN 81-5107662, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.