Sapp Bros., Inc. 401(k) Review & Grade
Sapp Bros., Inc. Retirement Plan
Omaha, NERetail Trade942 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$994Employer $ per active participant
$2,957Employee $ saved per active participant
0.47%Direct admin cost, % of plan assets
$30.5MNet plan assets, end of year
$38,618Average balance per account
Score breakdown
- Employer generosity30.6 / 5061th percentile for employer $ per participant
- Low cost6.3 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 25th |
| Employee saving | 49th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $57,426 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sapp Bros. put in about $994 per active participant, more than the typical peer ($743). 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.
- Direct plan expenses (0.47% 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 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 | $936,627 |
| Participant (employee) contributions | $2,785,835 |
| Other contributions (incl. rollovers in) | $369,890 |
| Administrative expenses paid from the plan | $130,654 |
| Investment advisory & management fees | $64,165 |
| Benefits paid out | $3,349,587 |
| Net assets, start / end of year | $25.7M / $30.5M |
| Active participants, start / end of year | 1,000 / 884 |
| Participants with account balances | 790 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ags & N, P.C. |
Largest service providers (Schedule C)
| Capital Group Retirement Plan Svcs. | $66,489 reported compensation |
| Usi Advisors Inc | $64,165 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730165035NAL0002549091001, received 2025-07-30, EIN 47-0720019, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.