SRG Operating, Inc. 401(k) Review & Grade
Senior Resource Group 401(k) Retirement Plan
Solana Beach, CAReal Estate & Rental2,024 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$965Employer $ per active participant
$2,289Employee $ saved per active participant
0.55%Direct admin cost, % of plan assets
$40.1MNet plan assets, end of year
$14,528Average balance per account
Score breakdown
- Employer generosity19.8 / 5040th percentile for employer $ per participant
- Low cost5.0 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1530th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 20th |
| Employee saving | 30th |
| Peers that auto-enroll | 47% |
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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 ($111,965 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- SRG Operating put in about $965 per active participant, below the typical peer ($1,279). 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.
- Direct plan expenses (0.55% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,952,717 |
| Participant (employee) contributions | $4,634,149 |
| Other contributions (incl. rollovers in) | $936,026 |
| Administrative expenses paid from the plan | $203,902 |
| Contract administrator fees | $203,902 |
| Benefits paid out | $5,731,083 |
| Net assets, start / end of year | $34.0M / $40.1M |
| Active participants, start / end of year | 1,999 / 2,050 |
| Participants with account balances | 2,763 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ling & Bouman Cpa's LLP |
Largest service providers (Schedule C)
| Accelerate Investment Advisors LLC | $94,138 reported compensation |
| Administrative Fiduciary Services | $63,296 reported compensation |
| Empower Annuity Insurance Company | $28,371 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013080248NAL0000934449001, received 2025-10-13, EIN 91-2160583, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.