Sli Enterprises, Inc. 401(k) Review & Grade
Sli Enterprises 401(k) Profit Sharing Plan
Mesquite, TXAccommodation & Food Services541 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$323Employer $ per active participant
$309Employee $ saved per active participant
0.70%Direct admin cost, % of plan assets
$4.1MNet plan assets, end of year
$6,945Average balance per account
Score breakdown
- Employer generosity28.0 / 5056th percentile for employer $ per participant
- Low cost3.2 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score34 / 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 | 56th |
| Lower admin cost | 13th |
| Employee saving | 19th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $26,922 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sli Enterprises put in about $323 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 (0.70% 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 | $175,000 |
| Participant (employee) contributions | $166,959 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $31,973 |
| Contract administrator fees | $5,918 |
| Investment advisory & management fees | $23,295 |
| Benefits paid out | $1,701,229 |
| Net assets, start / end of year | $5.0M / $4.1M |
| Active participants, start / end of year | 686 / 396 |
| Participants with account balances | 592 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Garrety & Associates, LLC |
Largest service providers (Schedule C)
| Proaccount | $23,295 reported compensation |
| Nationwide | $14,416 reported compensation |
| Cecilco | $12,226 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010162310NAL0012991568001, received 2025-10-10, EIN 75-1891968, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.