B. Riley Financial, Inc. 401(k) Review & Grade
B. Riley Financial, Inc. 401(k) Profit Sharing Plan
Los Angeles, CAFinance & Insurance1,322 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,842Employer $ per active participant
$11,991Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$289.7MNet plan assets, end of year
$165,382Average balance per account
Score breakdown
- Employer generosity9.6 / 5019th percentile for employer $ per participant
- Low cost23.5 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1582th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 94th |
| Employee saving | 82th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $218 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- B. Riley Financial put in about $1,842 per active participant, below the typical peer ($3,606). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $2,433,609 |
| Participant (employee) contributions | $15,846,118 |
| Other contributions (incl. rollovers in) | $2,552,958 |
| Administrative expenses paid from the plan | $67,575 |
| Investment advisory & management fees | $32,962 |
| Benefits paid out | $29,129,752 |
| Net assets, start / end of year | $256.2M / $289.7M |
| Active participants, start / end of year | 1,307 / 1,336 |
| Participants with account balances | 1,752 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Weinberg & Company, P.A. |
| Employer stock held by plan | $1,548,120 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $32,962 reported compensation |
| Fidelity Investments Institutional | $26,563 reported compensation |
| Weinberg & Co. La, LLP | $12,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006113045NAL0002022323001, received 2025-10-06, EIN 27-0223495, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.