Sierra Nevada 401(k) match, vesting and fees
What Sierra Nevada's 401(k) plan says about matching contributions
Except with respect to 3S Engineering LLC, for each employee hired prior to January 1, 2023, the Company contributes 150% of the first 8% of eligible compensation deferred on a per payroll basis and for each employee hired or rehired on or after January 1, 2023, the Company contributes 150% of the first 6% of eligible compensation deferred on per payroll basis. 3S Engineering LLC contributes 100% on the first 6% of eligible compensation deferred by each participant per payroll period.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 31 ↗ |
| Roth contributions | The Plan allows participants to designate contributions as Roth contributions. | Audit report, p. 31 ↗ |
| Loans | Participants may borrow from their fund accounts, a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their account balance. The notes are secured by the balance in the participant’s account and bear interest at rates commensurate with local prevailing rates at the time funds are borrowed, as determined by the Plan Administrator. | Audit report, p. 32 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Eide Bailly LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 283 defined-contribution plans in manufacturing with 5,000 to 9,999 participants.
| Sierra Nevada: employer contribution per participant | $8,093 | |
| Peer median | $2,895 |
| Sierra Nevada: average balance | $199,031 | |
| Peer median | $115,263 |
| Sierra Nevada: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.08% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $1B at the end of plan year 2021 to $1B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 5,518 | $1B | $40.9M | $8,093 | 0.02% | Quoted in the audit report, p. 31 ↗ | Form 5500 ↗ |
| 2023 | 4,956 | $850M | $51.7M | $11,211 | 0.03% | Not published | Form 5500 ↗ |
| 2022 | 6,660 | $879M | $48.5M | $7,965 | 0.02% | Not published | Form 5500 ↗ |
| 2021 | 5,744 | $1B | $46.5M | $8,681 | — | Not published | Form 5500 ↗ |
Common questions
Does Sierra Nevada match 401(k) contributions?
The audit report attached to the Sierra Nevada Company, LLC 401(k) Profit Sharing Plan's plan year 2024 Form 5500, page 31 says: “Except with respect to 3S Engineering LLC, for each employee hired prior to January 1, 2023, the Company contributes 150% of the first 8% of eligible compensation deferred on a per payroll basis and for each employee hired or rehired on or after January 1, 2023, the Company contributes 150% of the first 6% of eligible compensation deferred on per payroll basis. 3S Engineering LLC contributes 100% on the first 6% of eligible compensation deferred by each participant per payroll period.” Plan terms may have changed; check your current Summary Plan Description.
When is the Sierra Nevada 401(k) match vested?
The vesting schedule for the Sierra Nevada Company, LLC 401(k) Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Sierra Nevada 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Sierra Nevada Company, LLC.
I left Sierra Nevada. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Sierra Nevada Company, LLC, (775) 331-0222) or the recordkeeper, Fidelity Investments Institutional. The Sierra Nevada old 401(k) page lists the contacts from every plan filing. Find an old Sierra Nevada 401(k)
Data from the public Form 5500 annual reports Sierra Nevada filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Sierra Nevada. Not financial advice. Report a correction · Methodology