The Service Companies, Inc. 401(k) Review & Grade
The Service Companies 401(k) Profit Sharing Plan and Trust
Miramar, FLOther Services4,412 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$58Employer $ per active participant
$127Employee $ saved per active participant
0.85%Direct admin cost, % of plan assets
$4.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.7 / 507th percentile for employer $ per participant
- Low cost1.5 / 256th percentile for low admin cost vs. same-size plans
- Employee saving0.0 / 150th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score5 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 2,500–9,999 active participants (42 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 6th |
| Employee saving | 0th |
| Peers that auto-enroll | 45% |
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Red flags from the filing
Corrective distributions: the plan refunded $898 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Service Companies put in about $58 per active participant, below the typical peer ($1,132). 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 (0.85% of assets) are well above similar-size plans (0.12%). 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 | $257,456 |
| Participant (employee) contributions | $561,506 |
| Other contributions (incl. rollovers in) | $27,469 |
| Administrative expenses paid from the plan | $34,381 |
| Investment advisory & management fees | $18,689 |
| Benefits paid out | $806,913 |
| Net assets, start / end of year | $3.8M / $4.3M |
| Active participants, start / end of year | 3,512 / 5,313 |
| Participants with account balances | 188 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kaufman, Rossin & Co |
Largest service providers (Schedule C)
| LPL Financial LLC | $18,689 reported compensation |
| Fidelity Investments Institutional | $15,692 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010141222NAL0004690787001, received 2025-10-10, EIN 26-2251010, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.