Superior Plus Energy Services, Inc. 401(k) Review & Grade
Superior Plus Energy Services, Inc. 401(k) Retirement Plan
Rochester, NYRetail Trade2,590 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,306Employer $ per active participant
$5,235Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$185.8MNet plan assets, end of year
$58,825Average balance per account
Score breakdown
- Employer generosity45.3 / 5091th percentile for employer $ per participant
- Low cost8.3 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving13.4 / 1590th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 33th |
| Employee saving | 90th |
| Peers that auto-enroll | 42% |
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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
- Superior Plus Energy Services put in about $2,306 per active participant, more than the typical peer ($650). 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.
- Direct plan expenses (0.21% of assets) are well above similar-size plans (0.12%). 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 | $5,971,946 |
| Participant (employee) contributions | $13,555,859 |
| Other contributions (incl. rollovers in) | $2,112,070 |
| Administrative expenses paid from the plan | $368,609 |
| Investment advisory & management fees | $103,286 |
| Other admin expenses | $9,616 |
| Benefits paid out | $19,285,115 |
| Net assets, start / end of year | $164.6M / $185.8M |
| Active participants, start / end of year | 2,670 / 2,509 |
| Participants with account balances | 3,159 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Dejoy & Co. Cpas, LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $215,607 reported compensation |
| Morgan Stanley Global Banking | $103,286 reported compensation |
| Dejoy & Co. Cpas, LLP | $40,100 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013075253NAL0000808033001, received 2025-10-13, EIN 16-0736353, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.