Sikich LLC 401(k) Review & Grade
Sikich Employees' 401(k) Plan
Naperville, ILProfessional, Scientific & Technical Services1,608 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,786Employer $ per active participant
$11,407Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$280.1MNet plan assets, end of year
$117,972Average balance per account
Score breakdown
- Employer generosity30.6 / 5061th percentile for employer $ per participant
- Low cost24.1 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1569th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 96th |
| Employee saving | 69th |
| Peers that auto-enroll | 48% |
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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
- Sikich put in about $3,786 per active participant, more than the typical peer ($3,082). 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.
- 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 | $6,085,208 |
| Participant (employee) contributions | $18,336,628 |
| Other contributions (incl. rollovers in) | $5,761,931 |
| Administrative expenses paid from the plan | $42,599 |
| Contract administrator fees | $36,960 |
| Benefits paid out | $29,742,051 |
| Net assets, start / end of year | $242.5M / $280.1M |
| Active participants, start / end of year | 1,599 / 1,616 |
| Participants with account balances | 2,374 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | MH CPA PLLC |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $36,960 reported compensation |
| Standard Retirement Services, Inc | $5,639 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009122128NAL0015484578001, received 2025-10-09, EIN 36-3168081, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.