The Select Group, LLC 401(k) Review & Grade
The Select Group, LLC 401(k) Profit Sharing Plan and Trust
Raleigh, NCProfessional, Scientific & Technical Services1,370 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$403Employer $ per active participant
$4,945Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$43.3MNet plan assets, end of year
$45,744Average balance per account
Score breakdown
- Employer generosity5.8 / 5012th percentile for employer $ per participant
- Low cost7.3 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 29th |
| Employee saving | 25th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $143,765 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Select Group put in about $403 per active participant, below the typical peer ($3,082). 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 (0.41% 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.
- 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 | $552,252 |
| Participant (employee) contributions | $6,777,208 |
| Other contributions (incl. rollovers in) | $1,517,956 |
| Administrative expenses paid from the plan | $160,365 |
| Investment advisory & management fees | $57,227 |
| Benefits paid out | $4,993,589 |
| Net assets, start / end of year | $34.1M / $43.3M |
| Active participants, start / end of year | 1,368 / 1,373 |
| Participants with account balances | 946 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pricekubecka, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $103,138 reported compensation |
| LPL Financial LLC | $44,905 reported compensation |
| Strategic Advisors, Inc. | $12,323 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924145522NAL0010771154001, received 2025-09-24, EIN 52-2329531, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.