Beall's Inc. 401(k) Review & Grade
Beall's Employees' Savings Trust
Bradenton, FLRetail Trade10,328 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$203Employer $ per active participant
$1,471Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$118.2MNet plan assets, end of year
$11,948Average balance per account
Score breakdown
- Employer generosity4.5 / 509th percentile for employer $ per participant
- Low cost1.2 / 255th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 5th |
| Employee saving | 42th |
| Peers that auto-enroll | 32% |
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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
- Beall's put in about $203 per active participant, below the typical peer ($689). 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 (0.44% of assets) are well above similar-size plans (0.09%). 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 | $2,095,789 |
| Participant (employee) contributions | $15,189,038 |
| Other contributions (incl. rollovers in) | $1,160,918 |
| Administrative expenses paid from the plan | $490,807 |
| Contract administrator fees | $490,807 |
| Benefits paid out | $18,355,632 |
| Net assets, start / end of year | $106.7M / $118.2M |
| Active participants, start / end of year | 10,519 / 10,138 |
| Participants with account balances | 9,894 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cs&l Cpas, P.A. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $490,807 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003140200NAL0001475073001, received 2025-10-03, EIN 59-0243800, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.