Redsail Technologies, LLC 401(k) Review & Grade
Redsail Technologies, LLC Retirement Savings Plan
Spartanburg, SCProfessional, Scientific & Technical Services746 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,188Employer $ per active participant
$7,140Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$136.7MNet plan assets, end of year
$153,211Average balance per account
Score breakdown
- Employer generosity33.0 / 5066th percentile for employer $ per participant
- Low cost19.3 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 77th |
| Employee saving | 36th |
| Peers that auto-enroll | 48% |
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
Corrective distributions: the plan refunded $18,687 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Redsail Technologies put in about $4,188 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 | $3,122,205 |
| Participant (employee) contributions | $5,322,619 |
| Other contributions (incl. rollovers in) | $3,153,543 |
| Administrative expenses paid from the plan | $111,124 |
| Investment advisory & management fees | $93,300 |
| Benefits paid out | $9,881,880 |
| Net assets, start / end of year | $117.1M / $136.7M |
| Active participants, start / end of year | 670 / 821 |
| Participants with account balances | 892 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Elliott Davis, LLC |
Largest service providers (Schedule C)
| Gallagher Fiduciary Advisors, LLC | $52,500 reported compensation |
| Ameriprise Financial | $40,800 reported compensation |
| Fidelity Investments Institutional | $17,824 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930161506NAL0005585267001, received 2025-09-30, EIN 83-0946290, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.