Barrett Distribution Centers 401(k) Review & Grade
Barrett Distribution Centers, Inc. 401(k) Retirement Plan
Franklin, MATransportation & Warehousing1,544 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$790Employer $ per active participant
$3,203Employee $ saved per active participant
0.47%Direct admin cost, % of plan assets
$47.3MNet plan assets, end of year
$33,226Average balance per account
Score breakdown
- Employer generosity20.2 / 5040th percentile for employer $ per participant
- Low cost6.3 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1553th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 25th |
| Employee saving | 53th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $42,638 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Barrett Distribution Centers put in about $790 per active participant, below the typical peer ($1,070). 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.
- Direct plan expenses (0.47% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,219,022 |
| Participant (employee) contributions | $4,945,267 |
| Other contributions (incl. rollovers in) | $580,019 |
| Administrative expenses paid from the plan | $206,265 |
| Investment advisory & management fees | $15,511 |
| Benefits paid out | $5,616,289 |
| Net assets, start / end of year | $41.0M / $47.3M |
| Active participants, start / end of year | 1,657 / 1,431 |
| Participants with account balances | 1,423 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Caron & Bletzer PLLC |
Largest service providers (Schedule C)
| Adp, Inc. | $190,754 reported compensation |
| Global Retirement Partners | $15,511 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250919050959NAL0001961169001, received 2025-09-19, EIN 04-2233124, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.