Serta Simmons Bedding, LLC 401(k) Review & Grade
Serta Simmons Bedding 401(k) Retirement Plan
Doraville, GAManufacturing2,794 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,810Employer $ per active participant
$4,741Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$275.5MNet plan assets, end of year
$72,562Average balance per account
Score breakdown
- Employer generosity20.7 / 5041th percentile for employer $ per participant
- Low cost11.8 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1533th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 47th |
| Employee saving | 33th |
| Peers that auto-enroll | 70% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $628 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Serta Simmons Bedding put in about $2,810 per active participant, below the typical peer ($3,452). 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.
- 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 | $7,850,834 |
| Participant (employee) contributions | $13,245,676 |
| Other contributions (incl. rollovers in) | $2,026,179 |
| Administrative expenses paid from the plan | $358,767 |
| Investment advisory & management fees | $80,372 |
| Other admin expenses | $2,634 |
| Benefits paid out | $47,979,403 |
| Net assets, start / end of year | $265.9M / $275.5M |
| Active participants, start / end of year | 2,884 / 2,704 |
| Participants with account balances | 3,797 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Windham Brannon, LLC |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $249,261 reported compensation |
| Captrust Financial Partners, LLC | $80,372 reported compensation |
| Windham Brannon | $26,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013191548NAL0002628384001, received 2025-10-13, EIN 01-0931874, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.