Sh1 Hold Co, LLC 401(k) Review & Grade
Sinceri Senior Living 401(k) Plan
Vancouver, WAHealth Care & Social Assistance2,888 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$0Employer $ per active participant
$955Employee $ saved per active participant
2.06%Direct admin cost, % of plan assets
$6.0MNet plan assets, end of year
$1,756Average balance per account
Score breakdown
- Employer generosity3.2 / 506th percentile for employer $ per participant
- Low cost0.2 / 251th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 1th |
| Employee saving | 25th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Sh1 Hold Co put in about $0 per active participant, below the typical peer ($800). 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 (2.06% 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.
- 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 | $66 |
| Participant (employee) contributions | $2,757,541 |
| Other contributions (incl. rollovers in) | $503,950 |
| Administrative expenses paid from the plan | $100,160 |
| Investment advisory & management fees | $8,333 |
| Benefits paid out | $1,495,433 |
| Net assets, start / end of year | $3.8M / $6.0M |
| Active participants, start / end of year | 1,574 / 4,203 |
| Participants with account balances | 3,405 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Greerwalker LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $53,699 reported compensation |
| NFP Retirement Inc | $8,333 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013170836NAL0003785042001, received 2025-10-13, EIN 83-2216253, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.