La Clippers LLC 401(k) Review & Grade
SB Holdings 401(k) Plan
Bellevue, WAArts, Entertainment & Recreation534 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,626Employer $ per active participant
$8,341Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$49.7MNet plan assets, end of year
$61,944Average balance per account
Score breakdown
- Employer generosity49.3 / 5099th percentile for employer $ per participant
- Low cost17.7 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving14.3 / 1596th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 71th |
| Employee saving | 96th |
| Peers that auto-enroll | 38% |
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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
- La Clippers put in about $7,626 per active participant, more than the typical peer ($995). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $4,068,339 |
| Participant (employee) contributions | $4,450,003 |
| Other contributions (incl. rollovers in) | $1,261,165 |
| Administrative expenses paid from the plan | $50,521 |
| Investment advisory & management fees | $4,312 |
| Benefits paid out | $4,735,734 |
| Net assets, start / end of year | $38.8M / $49.7M |
| Active participants, start / end of year | 472 / 595 |
| Participants with account balances | 802 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $46,209 reported compensation |
| Strategic Advisors | $4,312 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930103454NAL0016360739001, received 2025-09-30, EIN 47-1060673, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.