SRC Holdings Corporation 401(k) Review & Grade
SRC Employees Savings Trust
Springfield, MOManagement of Companies1,447 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,035Employer $ per active participant
$3,852Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$115.9MNet plan assets, end of year
$61,324Average balance per account
Score breakdown
- Employer generosity28.4 / 5057th percentile for employer $ per participant
- Low cost22.4 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 90th |
| Employee saving | 33th |
| Peers that auto-enroll | 58% |
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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
- SRC Holdings put in about $3,035 per active participant, more than the typical peer ($2,492). 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 | $4,391,826 |
| Participant (employee) contributions | $5,574,554 |
| Other contributions (incl. rollovers in) | $330,716 |
| Administrative expenses paid from the plan | $44,978 |
| Benefits paid out | $11,252,850 |
| Net assets, start / end of year | $98.2M / $115.9M |
| Active participants, start / end of year | 1,539 / 1,355 |
| Participants with account balances | 1,890 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | KPM, Cpas, PC |
Largest service providers (Schedule C)
| Charles Schwab Trust Bank | $28,176 reported compensation |
| Milliman, Inc. | $16,803 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251029171324NAL0002294514001, received 2025-10-29, EIN 43-1274934, plan #002, plan year 2024-02-01 to 2025-01-31. Verify at efast.dol.gov.