Sherwood Management Co., Inc. 401(k) Review & Grade
Sherwood Management Co., Inc. & Associated 401(k) Profit Sharing Plan
Culver City, CARetail Trade616 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$895Employer $ per active participant
$1,800Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$24.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity28.7 / 5057th percentile for employer $ per participant
- Low cost8.9 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 36th |
| Employee saving | 31th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,250 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sherwood Management Co. put in about $895 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 (0.35% 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.
- 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 | $551,112 |
| Participant (employee) contributions | $1,108,740 |
| Other contributions (incl. rollovers in) | $49,024 |
| Administrative expenses paid from the plan | $80,811 |
| Investment advisory & management fees | $43,518 |
| Benefits paid out | $1,589,088 |
| Net assets, start / end of year | $22.1M / $24.6M |
| Active participants, start / end of year | 662 / 570 |
| Participants with account balances | 267 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Macias Gini and O'connell |
Largest service providers (Schedule C)
| Embree Financial Group | $43,518 reported compensation |
| Capital Group Retirement Plan Svcs. | $37,293 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013130208NAL0000626739001, received 2025-10-13, EIN 95-1948904, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.