Skyward, Inc. 401(k) Review & Grade
Skyward, Inc. 401(k) Plan
Stevens Point, WIInformation701 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,317Employer $ per active participant
$7,284Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$106.5MNet plan assets, end of year
$146,830Average balance per account
Score breakdown
- Employer generosity20.4 / 5041th percentile for employer $ per participant
- Low cost14.5 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 58th |
| Employee saving | 40th |
| Peers that auto-enroll | 59% |
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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
- Skyward put in about $2,317 per active participant, below the typical peer ($2,829). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- 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 | $1,623,997 |
| Participant (employee) contributions | $5,106,120 |
| Other contributions (incl. rollovers in) | $23,779 |
| Administrative expenses paid from the plan | $178,756 |
| Investment advisory & management fees | $155,637 |
| Benefits paid out | $6,440,136 |
| Net assets, start / end of year | $93.2M / $106.5M |
| Active participants, start / end of year | 684 / 718 |
| Participants with account balances | 725 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Associated Trust Company, N.A. | $178,756 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250624071029NAL0009519664001, received 2025-06-24, EIN 39-1471992, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.