Security Industry Specialists, Inc. 401(k) Review & Grade
Sis 401(k) Plan
Culver City, CAOther Services2,194 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$344Employer $ per active participant
$4,330Employee $ saved per active participant
0.60%Direct admin cost, % of plan assets
$56.7MNet plan assets, end of year
$21,674Average balance per account
Score breakdown
- Employer generosity12.2 / 5024th percentile for employer $ per participant
- Low cost4.4 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1569th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 18th |
| Employee saving | 69th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Corrective distributions: the plan refunded $47,177 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Security Industry Specialists put in about $344 per active participant, below the typical peer ($1,257). 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 (0.60% 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 | $755,511 |
| Participant (employee) contributions | $9,503,177 |
| Other contributions (incl. rollovers in) | $476,149 |
| Administrative expenses paid from the plan | $302,435 |
| Contract administrator fees | $300 |
| Other admin expenses | $80,000 |
| Benefits paid out | $5,596,348 |
| Net assets, start / end of year | $44.8M / $56.7M |
| Active participants, start / end of year | 1,864 / 2,525 |
| Participants with account balances | 2,616 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Richardson Kontogouris Emerson LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $222,435 reported compensation |
| Diversify Advisory Services LLC | $80,000 reported compensation |
| Wealthsource Management | $45,895 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013113818NAL0000554211001, received 2025-10-13, EIN 95-4751935, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.