Sg360 401(k) Review & Grade
Sg360 Savings Plan
Wheeling, ILManufacturing791 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,720Employer $ per active participant
$6,026Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$88.9MNet plan assets, end of year
$81,797Average balance per account
Score breakdown
- Employer generosity18.0 / 5036th percentile for employer $ per participant
- Low cost13.1 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 52th |
| Employee saving | 64th |
| Peers that auto-enroll | 59% |
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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
- Sg360 put in about $1,720 per active participant, below the typical peer ($2,320). 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 | $1,360,244 |
| Participant (employee) contributions | $4,766,332 |
| Other contributions (incl. rollovers in) | $75,723 |
| Administrative expenses paid from the plan | $182,161 |
| Contract administrator fees | $127,121 |
| Investment advisory & management fees | $48,887 |
| Other admin expenses | $6,153 |
| Benefits paid out | $9,847,459 |
| Net assets, start / end of year | $82.7M / $88.9M |
| Active participants, start / end of year | 815 / 767 |
| Participants with account balances | 1,087 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $134,147 reported compensation |
| Fiducient Advisors LLC | $33,750 reported compensation |
| Voya Retirement Advisors, LLC | $15,118 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015104518NAL0002163827001, received 2025-10-15, EIN 36-2324752, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.