San Francisco Baseball Associates 401(k) Review & Grade
San Francisco Giants 401k Plan
San Francisco, CAArts, Entertainment & Recreation620 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9,922Employer $ per active participant
$8,011Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$92.3MNet plan assets, end of year
$114,920Average balance per account
Score breakdown
- Employer generosity49.8 / 50100th percentile for employer $ per participant
- Low cost21.4 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 86th |
| Employee saving | 95th |
| Peers that auto-enroll | 38% |
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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 ($145,750 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,710 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- San Francisco Baseball Associates put in about $9,922 per active participant, more than the typical peer ($995). 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.
- 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 | $6,156,377 |
| Participant (employee) contributions | $4,970,964 |
| Other contributions (incl. rollovers in) | $562,218 |
| Administrative expenses paid from the plan | $46,147 |
| Contract administrator fees | $4,200 |
| Investment advisory & management fees | $41,247 |
| Other admin expenses | $700 |
| Benefits paid out | $7,905,772 |
| Net assets, start / end of year | $76.6M / $92.3M |
| Active participants, start / end of year | 634 / 607 |
| Participants with account balances | 803 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | BPM LLP |
Largest service providers (Schedule C)
| Wells Fargo Clearing Services, LLC | $220,437 reported compensation |
| Voya Retirement Advisors, LLC | $40,839 reported compensation |
| Voya Retirement Insurance & Annuity | $5,308 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015183139NAL0010754562001, received 2025-10-15, EIN 94-3169394, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.