Sunrise Senior Living, LLC 401(k) Review & Grade
Sunrise Senior Living 401(k) Plan
Mclean, VAHealth Care & Social Assistance18,708 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$587Employer $ per active participant
$1,834Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$360.1MNet plan assets, end of year
$15,388Average balance per account
Score breakdown
- Employer generosity15.4 / 5031th percentile for employer $ per participant
- Low cost0.9 / 254th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 4th |
| Employee saving | 28th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($68,844 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $5,019 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sunrise Senior Living put in about $587 per active participant, below the typical peer ($2,086). 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 (0.49% of assets) are well above similar-size plans (0.09%). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $10,975,736 |
| Participant (employee) contributions | $34,313,848 |
| Other contributions (incl. rollovers in) | $4,422,948 |
| Administrative expenses paid from the plan | $1,692,999 |
| Investment advisory & management fees | $44,000 |
| Benefits paid out | $49,858,190 |
| Net assets, start / end of year | $333.3M / $360.1M |
| Active participants, start / end of year | 18,483 / 18,934 |
| Participants with account balances | 23,402 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $1,625,831 reported compensation |
| Baker Tilly US LLP | $48,300 reported compensation |
| Kestra Advisory Services LLC | $44,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250819083058NAL0002095649001, received 2025-08-19, EIN 54-1746596, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.