Silver Cloud, Inc. 401(k) Review & Grade
Silver Cloud Inns Retirement Plan
Bellevue, WAAccommodation & Food Services533 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$416Employer $ per active participant
$1,050Employee $ saved per active participant
0.81%Direct admin cost, % of plan assets
$12.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity33.2 / 5066th percentile for employer $ per participant
- Low cost2.5 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1562th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 10th |
| Employee saving | 62th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $11,536 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Silver Cloud put in about $416 per active participant, more than the typical peer ($266). 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 (0.81% 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 | $221,729 |
| Participant (employee) contributions | $559,398 |
| Other contributions (incl. rollovers in) | $1,661 |
| Administrative expenses paid from the plan | $99,758 |
| Contract administrator fees | $69,874 |
| Other admin expenses | $29,884 |
| Benefits paid out | $1,593,500 |
| Net assets, start / end of year | $11.9M / $12.9M |
| Active participants, start / end of year | 508 / 558 |
| Participants with account balances | 190 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Johnson & Shute, P.S. |
Largest service providers (Schedule C)
| Bensler, LLC | $28,476 reported compensation |
| Pension Design & Admin., Inc | $6,153 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001120038NAL0012580241001, received 2025-10-01, EIN 91-1256659, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.