Sig Sauer, Inc. 401(k) Review & Grade
Sig Sauer, Inc. 401(k) Plan
Newington, NHManufacturing3,076 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,469Employer $ per active participant
$6,317Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$198.8MNet plan assets, end of year
$52,433Average balance per account
Score breakdown
- Employer generosity25.3 / 5051th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 36th |
| Employee saving | 53th |
| Peers that auto-enroll | 70% |
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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 ($5,000 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $318 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sig Sauer put in about $3,469 per active participant, more than the typical peer ($3,452). 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 (0.19% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $10,671,874 |
| Participant (employee) contributions | $19,430,929 |
| Other contributions (incl. rollovers in) | $6,114,368 |
| Administrative expenses paid from the plan | $346,354 |
| Contract administrator fees | $1,800 |
| Investment advisory & management fees | $30,000 |
| Benefits paid out | $16,337,858 |
| Net assets, start / end of year | $159.2M / $198.8M |
| Active participants, start / end of year | 2,899 / 3,253 |
| Participants with account balances | 3,791 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $278,676 reported compensation |
| Mma Securities | $30,000 reported compensation |
| Caron & Bletzer, PLLC | $13,700 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006075841NAL0003331409001, received 2025-10-06, EIN 02-0528156, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.