Ssab Enterprises LLC 401(k) Review & Grade
Ssab Enterprises, LLC Retirement Savings and Profit Sharing Plan
Mobile, ALWholesale Trade1,540 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,464Employer $ per active participant
$9,473Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$541.3MNet plan assets, end of year
$295,007Average balance per account
Score breakdown
- Employer generosity45.3 / 5091th percentile for employer $ per participant
- Low cost22.8 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1593th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score92 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 91th |
| Employee saving | 93th |
| 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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Ssab Enterprises put in about $5,464 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.
- 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 | $8,414,736 |
| Participant (employee) contributions | $14,587,843 |
| Other contributions (incl. rollovers in) | $1,167,400 |
| Administrative expenses paid from the plan | $189,373 |
| Investment advisory & management fees | $73,890 |
| Other admin expenses | $1,315 |
| Benefits paid out | $36,459,636 |
| Net assets, start / end of year | $493.7M / $541.3M |
| Active participants, start / end of year | 1,531 / 1,549 |
| Participants with account balances | 1,835 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wilkins Miller |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $86,568 reported compensation |
| Investment Research & Adv Group | $56,250 reported compensation |
| Wilkins Miller | $27,600 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015162036NAL0005107089001, received 2025-10-15, EIN 75-3248335, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.