SVP Sewing Brands, LLC 401(k) Review & Grade
SVP Sewing Brands, LLC 401(k) Plan
Nashville, TNWholesale Trade733 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1Employer $ per active participant
$1,626Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$18.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity0.7 / 501th percentile for employer $ per participant
- Low cost8.7 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 159th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score11 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 1th |
| Lower admin cost | 35th |
| Employee saving | 9th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $19,625 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- SVP Sewing Brands put in about $1 per active participant, below the typical peer ($1,792). 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 (0.35% 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.
- 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 | $663 |
| Participant (employee) contributions | $1,191,915 |
| Other contributions (incl. rollovers in) | $1,050,345 |
| Administrative expenses paid from the plan | $64,743 |
| Investment advisory & management fees | $39,517 |
| Benefits paid out | $4,020,652 |
| Net assets, start / end of year | $18.4M / $18.4M |
| Active participants, start / end of year | 791 / 675 |
| Participants with account balances | 283 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| Onedigital Investment Advisors LLC | $38,854 reported compensation |
| Fidelity Investments Institutional | $25,226 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250821145948NAL0002143363001, received 2025-08-21, EIN 11-2810902, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.