Zum SF, Inc. 401(k) Review & Grade
Zum 401(k) Retirement Plan
Redwood City, CATransportation & Warehousing1,222 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$154Employer $ per active participant
$439Employee $ saved per active participant
1.81%Direct admin cost, % of plan assets
$1.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.7 / 509th percentile for employer $ per participant
- Low cost0.4 / 252th percentile for low admin cost vs. same-size plans
- Employee saving0.7 / 155th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-15 pts2 issues reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 2th |
| Employee saving | 5th |
| Peers that auto-enroll | 37% |
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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 ($18,599 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Zum SF put in about $154 per active participant, below the typical peer ($1,070). 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 (1.81% 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.
- 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 | $187,903 |
| Participant (employee) contributions | $536,519 |
| Other contributions (incl. rollovers in) | $258,102 |
| Administrative expenses paid from the plan | $13,142 |
| Benefits paid out | $44,589 |
| Net assets, start / end of year | $242,219 / $1.2M |
| Active participants, start / end of year | 705 / 1,738 |
| Participants with account balances | 280 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250910231038NAL0045904754001, received 2025-09-11, EIN 86-2684429, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.