Savatree, LLC 401(k) Review & Grade
Savatree, LLC
Bedford Hills, NYAgriculture, Forestry, Fishing & Hunting2,660 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$485Employer $ per active participant
$3,291Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$81.5MNet plan assets, end of year
$24,334Average balance per account
Score breakdown
- Employer generosity10.7 / 5021th percentile for employer $ per participant
- Low cost5.3 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score8 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 2,500–9,999 active participants (fewer than 30 industry peers) (2,386 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 21th |
| Employee saving | 35th |
| Peers that auto-enroll | 52% |
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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 ($477 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $30,655 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Savatree put in about $485 per active participant, below the typical peer ($2,062). 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 (0.31% of assets) are well above similar-size plans (0.12%). 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 | $1,289,618 |
| Participant (employee) contributions | $8,752,329 |
| Other contributions (incl. rollovers in) | $1,760,002 |
| Administrative expenses paid from the plan | $236,070 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $45,373 |
| Benefits paid out | $7,771,257 |
| Net assets, start / end of year | $68.6M / $81.5M |
| Active participants, start / end of year | 2,442 / 2,877 |
| Participants with account balances | 3,351 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Armanino LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $190,697 reported compensation |
| The Waterford Group LLC | $45,373 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015115748NAL0009093698001, received 2025-10-15, EIN 13-3257374, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.