SB Investment Advisers (US) Inc. 401(k) Review & Grade
SB US 401(k) Plan
Menlo Park, CAProfessional, Scientific & Technical Services693 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$17,105Employer $ per active participant
$20,305Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$132.9MNet plan assets, end of year
$125,751Average balance per account
Score breakdown
- Employer generosity49.3 / 5099th percentile for employer $ per participant
- Low cost10.6 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving14.8 / 1599th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score82 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 42th |
| Employee saving | 99th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $106,442 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- SB Investment Advisers (US) put in about $17,105 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 | $11,854,062 |
| Participant (employee) contributions | $14,071,073 |
| Other contributions (incl. rollovers in) | $4,040,735 |
| Administrative expenses paid from the plan | $324,876 |
| Contract administrator fees | $50,208 |
| Investment advisory & management fees | $40,000 |
| Benefits paid out | $7,921,435 |
| Net assets, start / end of year | $94.3M / $132.9M |
| Active participants, start / end of year | 640 / 746 |
| Participants with account balances | 1,057 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Holthouse Carlin & Van Trigt LLP |
Largest service providers (Schedule C)
| Empower Advisors Insurance Company | $104,345 reported compensation |
| Empower Advisory Group, LLC | $102,947 reported compensation |
| Cbiz Benefits & Ins. Services | $62,305 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014153924NAL0001629043001, received 2025-10-14, EIN 81-4760418, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.