Ssoe, Inc. 401(k) Review & Grade
Ssoe, Inc. Profit Sharing and Savings Plan and Trust
Toledo, OHProfessional, Scientific & Technical Services1,259 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,571Employer $ per active participant
$11,363Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$285.8MNet plan assets, end of year
$171,150Average balance per account
Score breakdown
- Employer generosity38.6 / 5077th percentile for employer $ per participant
- Low cost16.6 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1569th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 66th |
| Employee saving | 69th |
| Peers that auto-enroll | 48% |
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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
- Ssoe put in about $5,571 per active participant, more than the typical peer ($3,082). 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.
- 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 | $7,014,101 |
| Participant (employee) contributions | $14,305,501 |
| Other contributions (incl. rollovers in) | $4,961,942 |
| Administrative expenses paid from the plan | $355,121 |
| Other admin expenses | $355,121 |
| Benefits paid out | $15,530,116 |
| Net assets, start / end of year | $242.6M / $285.8M |
| Active participants, start / end of year | 1,193 / 1,325 |
| Participants with account balances | 1,670 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $121,946 reported compensation |
| NFP Retirement Inc | $120,000 reported compensation |
| Vanguard Advisers Inc. | $103,674 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014133257NAL0006085042001, received 2025-10-14, EIN 34-1045421, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.