Zum SF, Inc. 401(k) Review & Grade
Zum SF Union 401(k) Plan
Redwood City, CATransportation & Warehousing961 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$92Employer $ per active participant
$233Employee $ saved per active participant
2.89%Direct admin cost, % of plan assets
$464,924Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.1 / 506th percentile for employer $ per participant
- Low cost0.1 / 250th percentile for low admin cost vs. same-size plans
- Employee saving0.2 / 151th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-15 pts2 issues reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 0th |
| Employee saving | 1th |
| 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 ($6,804 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Zum SF put in about $92 per active participant, below the typical peer ($1,070). 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 (2.89% 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 | $88,229 |
| Participant (employee) contributions | $223,869 |
| Other contributions (incl. rollovers in) | $28,820 |
| Administrative expenses paid from the plan | $8,602 |
| Benefits paid out | $20,577 |
| Net assets, start / end of year | $130,733 / $464,924 |
| Active participants, start / end of year | 869 / 1,053 |
| Participants with account balances | 139 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250618162122NAL0006132594001, received 2025-06-18, EIN 86-2684429, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.