Baker Construction Enterprises Inc. 401(k) Review & Grade
Baker Companies 401(k) Plan
Monroe, OHConstruction7,923 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$672Employer $ per active participant
$1,558Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$180.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.3 / 5019th percentile for employer $ per participant
- Low cost22.9 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 91th |
| Employee saving | 13th |
| Peers that auto-enroll | 57% |
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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
- Baker Construction Enterprises put in about $672 per active participant, below the typical peer ($1,965). 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 | $5,325,144 |
| Participant (employee) contributions | $12,343,362 |
| Other contributions (incl. rollovers in) | $3,868,163 |
| Administrative expenses paid from the plan | $44,166 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $73,954 |
| Benefits paid out | $13,875,197 |
| Net assets, start / end of year | $151.1M / $180.6M |
| Active participants, start / end of year | 8,152 / 7,694 |
| Participants with account balances | 1,823 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $34,704 reported compensation |
| Global Retirement Partners LLC | $29,437 reported compensation |
| Forvis | $24,675 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250806093655NAL0001641139001, received 2025-08-06, EIN 81-4294887, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.