Sanmar Corporation 401(k) Review & Grade
Sanmar, Lkwp, and Affiliates 401(k) Plan
Issaquah, WAWholesale Trade5,139 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,338Employer $ per active participant
$2,745Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$204.3MNet plan assets, end of year
$65,280Average balance per account
Score breakdown
- Employer generosity12.3 / 5025th percentile for employer $ per participant
- Low cost11.7 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 47th |
| Employee saving | 20th |
| Peers that auto-enroll | 62% |
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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
- Sanmar put in about $1,338 per active participant, below the typical peer ($2,459). 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.
- 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 | $6,877,869 |
| Participant (employee) contributions | $14,105,324 |
| Other contributions (incl. rollovers in) | $2,655,749 |
| Administrative expenses paid from the plan | $250,314 |
| Contract administrator fees | $233,937 |
| Investment advisory & management fees | $16,377 |
| Benefits paid out | $12,398,787 |
| Net assets, start / end of year | $168.6M / $204.3M |
| Active participants, start / end of year | 5,275 / 5,003 |
| Participants with account balances | 3,129 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $283,511 reported compensation |
| Highland Capital Advisor | $27,808 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731101423NAL0002497395001, received 2025-07-31, EIN 91-0792443, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.