Shpp US LLC 401(k) Review & Grade
Shpp U.S. Employee Retirement Savings Plan
Houston, TXManufacturing888 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$17,081Employer $ per active participant
$15,498Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$288.5MNet plan assets, end of year
$300,809Average balance per account
Score breakdown
- Employer generosity49.9 / 50100th percentile for employer $ per participant
- Low cost24.6 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving14.7 / 1598th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score89 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 99th |
| Employee saving | 98th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($92,807 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Shpp US put in about $17,081 per active participant, more than the typical peer ($2,320). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $15,176,772 |
| Participant (employee) contributions | $13,769,657 |
| Other contributions (incl. rollovers in) | $592,904 |
| Administrative expenses paid from the plan | $17,274 |
| Investment advisory & management fees | $19,167 |
| Other admin expenses | $26,278 |
| Benefits paid out | $22,626,309 |
| Net assets, start / end of year | $246.6M / $288.5M |
| Active participants, start / end of year | 902 / 875 |
| Participants with account balances | 959 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $14,105 reported compensation |
| Fidelity Investments Institutional | −$26,188 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010120758NAL0013068944001, received 2025-10-10, EIN 83-4241533, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.