Sika Corporation 401(k) Review & Grade
Sika Corporation 401(k) Savings Plan
Lyndhurst, NJManufacturing2,876 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,185Employer $ per active participant
$7,064Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$535.8MNet plan assets, end of year
$162,806Average balance per account
Score breakdown
- Employer generosity30.7 / 5061th percentile for employer $ per participant
- Low cost17.8 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving9.1 / 1561th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 71th |
| Employee saving | 61th |
| Peers that auto-enroll | 70% |
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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
- Sika put in about $4,185 per active participant, more than the typical peer ($3,452). 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 | $12,034,665 |
| Participant (employee) contributions | $20,315,810 |
| Other contributions (incl. rollovers in) | $4,148,992 |
| Administrative expenses paid from the plan | $286,190 |
| Investment advisory & management fees | $65,000 |
| Other admin expenses | $425 |
| Benefits paid out | $44,402,641 |
| Net assets, start / end of year | $368.1M / $535.8M |
| Active participants, start / end of year | 2,372 / 3,380 |
| Participants with account balances | 3,291 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withum Smith and Brown PC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $229,083 reported compensation |
| Mercer (US) Inc Mercer Investments | $65,000 reported compensation |
| Withumsmith+brown, PC | $19,760 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014131714NAL0006018802001, received 2025-10-14, EIN 22-1594831, plan #401, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.