Bailey Nurseries, Inc. 401(k) Review & Grade
Bailey Nurseries, Inc. 401(k) Profit Sharing Plan
Newport, MNAgriculture, Forestry, Fishing & Hunting646 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$575Employer $ per active participant
$3,276Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$84.1MNet plan assets, end of year
$106,577Average balance per account
Score breakdown
- Employer generosity18.4 / 5037th percentile for employer $ per participant
- Low cost18.1 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1568th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 72th |
| Employee saving | 68th |
| Peers that auto-enroll | 36% |
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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
- Bailey Nurseries put in about $575 per active participant, below the typical peer ($774). 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 | $371,378 |
| Participant (employee) contributions | $2,116,270 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $86,391 |
| Contract administrator fees | $86,391 |
| Benefits paid out | $5,518,069 |
| Net assets, start / end of year | $77.0M / $84.1M |
| Active participants, start / end of year | 649 / 643 |
| Participants with account balances | 789 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Stancorp Financial Group | $86,391 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007111413NAL0008018656001, received 2025-10-07, EIN 41-0910672, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.