Baker Roofing Company, LLC 401(k) Review & Grade
Baker Roofing Company 401(k) Plan
Cary, NCConstruction891 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,318Employer $ per active participant
$4,193Employee $ saved per active participant
0.80%Direct admin cost, % of plan assets
$57.3MNet plan assets, end of year
$89,208Average balance per account
Score breakdown
- Employer generosity31.6 / 5063th percentile for employer $ per participant
- Low cost2.5 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 10th |
| Employee saving | 53th |
| 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
- Baker Roofing Company put in about $2,318 per active participant, more than the typical peer ($1,672). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.80% 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.
- 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 | $2,065,095 |
| Participant (employee) contributions | $3,736,305 |
| Other contributions (incl. rollovers in) | $105,851 |
| Administrative expenses paid from the plan | $429,240 |
| Investment advisory & management fees | $323,105 |
| Benefits paid out | $4,616,779 |
| Net assets, start / end of year | $49.8M / $57.3M |
| Active participants, start / end of year | 920 / 862 |
| Participants with account balances | 642 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Thomas, Judy, & Tucker P.A. |
Largest service providers (Schedule C)
| Capfinancial Partners LLC DBA Captr | $311,750 reported compensation |
| Empower Annuity Insurance Company | $106,135 reported compensation |
| Mma Securities LLC | $11,355 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250912074701NAL0000983520001, received 2025-09-12, EIN 56-0130810, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.