Silver Ventures, Inc. 401(k) Review & Grade
Silver Associates' Savings Plan
San Antonio, TXFinance & Insurance632 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,142Employer $ per active participant
$3,674Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$28.6MNet plan assets, end of year
$35,946Average balance per account
Score breakdown
- Employer generosity11.4 / 5023th percentile for employer $ per participant
- Low cost5.4 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving1.4 / 159th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 22th |
| Employee saving | 9th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,827 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Silver Ventures put in about $2,142 per active participant, below the typical peer ($3,606). 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 (0.52% 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 | $1,355,061 |
| Participant (employee) contributions | $2,323,648 |
| Other contributions (incl. rollovers in) | $588,232 |
| Administrative expenses paid from the plan | $136,188 |
| Investment advisory & management fees | $61,805 |
| Benefits paid out | $3,932,089 |
| Net assets, start / end of year | $23.4M / $28.6M |
| Active participants, start / end of year | 602 / 663 |
| Participants with account balances | 795 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $74,383 reported compensation |
| Morgan Stanley Smith Barney | $61,804 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015120530NAL0009485442001, received 2025-10-15, EIN 74-2638247, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.