Sid Harvey Industries, Inc. 401(k) Review & Grade
Sid Harvey Industries' 401(k) Savings and Profit Sharing Plan
Garden City, NYWholesale Trade598 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,069Employer $ per active participant
$2,981Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$49.0MNet plan assets, end of year
$71,593Average balance per account
Score breakdown
- Employer generosity37.6 / 5075th percentile for employer $ per participant
- Low cost23.9 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 95th |
| Employee saving | 22th |
| 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
- Sid Harvey Industries put in about $3,069 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 | $1,836,606 |
| Participant (employee) contributions | $1,784,297 |
| Other contributions (incl. rollovers in) | $949,355 |
| Administrative expenses paid from the plan | $9,142 |
| Other admin expenses | $6,369 |
| Benefits paid out | $4,724,120 |
| Net assets, start / end of year | $44.2M / $49.0M |
| Active participants, start / end of year | 597 / 600 |
| Participants with account balances | 684 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Macias Gini & O'connoll LLP |
Largest service providers (Schedule C)
| Envestnet Retirement Solutions LLC | $6,369 reported compensation |
| T Rowe Price RPS Inc | $2,773 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014130828NAL0006086258001, received 2025-10-14, EIN 11-2233773, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.