Sharp Electronics Corporation 401(k) Review & Grade
The Sharp Employees Savings and Investment Plan
Montvale, NJWholesale Trade1,692 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,842Employer $ per active participant
$9,878Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$472.4MNet plan assets, end of year
$183,036Average balance per account
Score breakdown
- Employer generosity41.3 / 5083th percentile for employer $ per participant
- Low cost21.6 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving14.1 / 1594th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 86th |
| Employee saving | 94th |
| Peers that auto-enroll | 53% |
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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
- Sharp Electronics put in about $3,842 per active participant, more than the typical peer ($1,792). 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 | $6,500,554 |
| Participant (employee) contributions | $16,713,345 |
| Other contributions (incl. rollovers in) | $3,695,084 |
| Administrative expenses paid from the plan | $226,272 |
| Contract administrator fees | $2,569 |
| Investment advisory & management fees | $78,000 |
| Benefits paid out | $42,742,681 |
| Net assets, start / end of year | $383.7M / $472.4M |
| Active participants, start / end of year | 1,692 / 1,692 |
| Participants with account balances | 2,581 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | PKF O'connor Davies |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $114,793 reported compensation |
| Capfinancial Partners LLC | $78,000 reported compensation |
| Day Pitney LLP | $18,979 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251016122200NAL0008449024009, received 2025-10-16, EIN 13-1968872, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.