GSW Sports LLC 401(k) Review & Grade
GSW Sports LLC 401(k) Plan
San Francisco, CAArts, Entertainment & Recreation1,770 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$685Employer $ per active participant
$3,625Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$51.7MNet plan assets, end of year
$28,226Average balance per account
Score breakdown
- Employer generosity19.0 / 5038th percentile for employer $ per participant
- Low cost7.4 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1575th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 30th |
| Employee saving | 75th |
| Peers that auto-enroll | 38% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($5,159,800 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
- GSW Sports put in about $685 per active participant, below the typical peer ($995). 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.
- 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 | $1,212,598 |
| Participant (employee) contributions | $6,417,808 |
| Other contributions (incl. rollovers in) | $570,930 |
| Administrative expenses paid from the plan | $186,459 |
| Investment advisory & management fees | $75,493 |
| Benefits paid out | $2,198,828 |
| Net assets, start / end of year | $39.6M / $51.7M |
| Active participants, start / end of year | 1,574 / 1,967 |
| Participants with account balances | 1,832 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $110,966 reported compensation |
| Precept Advisory Group | $66,950 reported compensation |
| Strategic Advisors, Inc. | $8,543 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015202618NAL0005568497001, received 2025-10-15, EIN 27-3038750, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.