Baker's Burgers, Inc 401(k) Review & Grade
Baker's Burgers, Inc. Profit Sharing 401(k) Plan
Riverside, CAConstruction516 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$455Employer $ per active participant
$907Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$15.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.6 / 5015th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving1.2 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 57th |
| Employee saving | 8th |
| 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's Burgers put in about $455 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.
- 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 | $235,155 |
| Participant (employee) contributions | $468,348 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $26,785 |
| Contract administrator fees | $2,900 |
| Investment advisory & management fees | $23,885 |
| Benefits paid out | $547,289 |
| Net assets, start / end of year | $13.9M / $15.6M |
| Active participants, start / end of year | 560 / 473 |
| Participants with account balances | 252 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Talley, LLP |
Largest service providers (Schedule C)
| John Hancock USA | $1,330 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916172149NAL0001413635001, received 2025-09-16, EIN 95-2592162, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.