Sick, Inc. 401(k) Review & Grade
Sick USA Retirement Savings Plan
Minneapolis, MNWholesale Trade868 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$10,541Employer $ per active participant
$12,140Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$228.4MNet plan assets, end of year
$217,694Average balance per account
Score breakdown
- Employer generosity49.3 / 5099th percentile for employer $ per participant
- Low cost20.0 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving14.6 / 1598th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 80th |
| Employee saving | 98th |
| Peers that auto-enroll | 53% |
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 $885 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sick put in about $10,541 per active participant, more than the typical peer ($1,792). 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 | $9,154,656 |
| Participant (employee) contributions | $10,543,162 |
| Other contributions (incl. rollovers in) | $1,286,736 |
| Administrative expenses paid from the plan | $162,670 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $79,000 |
| Benefits paid out | $15,086,131 |
| Net assets, start / end of year | $195.3M / $228.4M |
| Active participants, start / end of year | 885 / 852 |
| Participants with account balances | 1,049 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wipfli LLP |
Largest service providers (Schedule C)
| NFP Retirement Inc | $79,000 reported compensation |
| Fidelity Investments Institutional | $62,260 reported compensation |
| Wipfli | $21,410 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010145748NAL0013368432001, received 2025-10-10, EIN 41-0970193, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.