Salesloft, Inc. 401(k) Review & Grade
Salesloft 401(k) Plan
Atlanta, GAProfessional, Scientific & Technical Services600 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,147Employer $ per active participant
$13,302Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$59.4MNet plan assets, end of year
$64,359Average balance per account
Score breakdown
- Employer generosity37.1 / 5074th percentile for employer $ per participant
- Low cost11.2 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1581th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 45th |
| Employee saving | 81th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,271 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Salesloft put in about $5,147 per active participant, more than the typical peer ($3,082). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $3,085,877 |
| Participant (employee) contributions | $7,974,825 |
| Other contributions (incl. rollovers in) | $8,929,918 |
| Administrative expenses paid from the plan | $132,799 |
| Investment advisory & management fees | $127,105 |
| Benefits paid out | $7,703,308 |
| Net assets, start / end of year | $40.3M / $59.4M |
| Active participants, start / end of year | 557 / 642 |
| Participants with account balances | 923 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Doeren Mayhew & Co., P.C. |
Largest service providers (Schedule C)
| NFP Retirement Inc | $113,243 reported compensation |
| Strategic Advisors, Inc. | $13,863 reported compensation |
| Fidelity Investments Institutional | $5,694 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010150527NAL0013385600001, received 2025-10-10, EIN 45-3274471, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.