B & I Contractors, Inc. 401(k) Review & Grade
B & I Contractors, Inc. 401(k) Plan
Fort Myers, FLConstruction1,092 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$780Employer $ per active participant
$2,495Employee $ saved per active participant
0.88%Direct admin cost, % of plan assets
$21.3MNet plan assets, end of year
$17,194Average balance per account
Score breakdown
- Employer generosity12.8 / 5026th percentile for employer $ per participant
- Low cost2.1 / 258th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1530th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 8th |
| Employee saving | 30th |
| Peers that auto-enroll | 44% |
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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
- B & I Contractors put in about $780 per active participant, below the typical peer ($1,672). 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 (0.88% 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 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 | $851,236 |
| Participant (employee) contributions | $2,724,668 |
| Other contributions (incl. rollovers in) | $118,862 |
| Administrative expenses paid from the plan | $164,839 |
| Contract administrator fees | $21,507 |
| Investment advisory & management fees | $46,401 |
| Benefits paid out | $1,262,875 |
| Net assets, start / end of year | $16.3M / $21.3M |
| Active participants, start / end of year | 1,070 / 1,114 |
| Participants with account balances | 1,237 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hsc/tuscan & Company, PA |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $104,280 reported compensation |
| Ubs Financial Services Inc. | $33,294 reported compensation |
| Blue Ridge Esop Associates | $31,506 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260811161139NAL0009209345001, received 2026-08-11, EIN 59-1107790, plan #002, plan year 2024-11-01 to 2025-10-31. Verify at efast.dol.gov.