Plan Ledger DOL Form 5500 · updated monthly

Sedgwick Claims Management Services, Inc.401(k)

SEDGWICK 401(K) SAVINGS PLAN · MEMPHIS, TN · plan year 2024

Reported admin expense ratio · 2024
0.07%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Sedgwick Claims Management Services, Inc. reported $1,333,005 in plan administrative expenses for 2024: 0.07% of average plan assets, above the peer median. Employer contributions averaged $1,757 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.073%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 16th-largest of 1,496 plans among Tennessee employers on file, and the 105th of 4,798 in finance & insurance. In 2024, employees put in $2.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,914,186,828
Participants with balances29,448
Active participants25,456
Employer contributions$44,713,706
Employee contributions$124,487,421
Employer contribution per active participant$1,757
Average account balance$65,002
Benefits paid to participants$202,188,659
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.9B · 29,448 accts · $44.7M emplr
2023$1.7B · 29,784 accts · $41.9M emplr
2022$1.5B · 29,047 accts · $40.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,333,005
Total administrative$1,333,005
The Sedgwick Claims Management Services, Inc. 401(k) match · 2024
Employer contribution per active participant$1,757
Median for plans this size$5,259
2024$1,757 per active participant
2023$1,623 per active participant
2022$1,634 per active participant

Sedgwick Claims Management Services, Inc.'s 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
MERRILL LYNCH,PIERCE, FENNER, SMITH · Recordkeeping$1,332,966

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,333,005 · 0.07%
2023$1,263,867 · 0.08%
2022$1,161,773 · 0.07%
Same employer
Similar plansFinance & Insurance · Tennessee
Comerica Incorporated TX$2.0B · 0.02%
Sentry Insurance Company WI$1.9B · 0.01%
Paychex Retirement LLC NY$1.8B · 0.98%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362685608 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.