Beitzel Corporate Services 401(k) Review & Grade
Beitzel Group 401(k) Plan
Grantsville, MDManufacturing587 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,328Employer $ per active participant
$4,134Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$34.1MNet plan assets, end of year
$38,398Average balance per account
Score breakdown
- Employer generosity13.0 / 5026th percentile for employer $ per participant
- Low cost7.9 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 32th |
| Employee saving | 39th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $11,383 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Beitzel Corporate Services put in about $1,328 per active participant, below the typical peer ($2,320). 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 (0.39% 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 | $779,783 |
| Participant (employee) contributions | $2,426,931 |
| Other contributions (incl. rollovers in) | $184,145 |
| Administrative expenses paid from the plan | $120,417 |
| Contract administrator fees | $117,279 |
| Investment advisory & management fees | $1,288 |
| Other admin expenses | $1,850 |
| Benefits paid out | $2,087,967 |
| Net assets, start / end of year | $28.3M / $34.1M |
| Active participants, start / end of year | 574 / 600 |
| Participants with account balances | 889 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | The Rodeheaver Group P.C. |
Largest service providers (Schedule C)
| Cbiz Investment Advisory Services, | $45,176 reported compensation |
| Cbiz Benefits & Insurance Services | $26,755 reported compensation |
| Voya Retirement Insurance and Annui | $8 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009140657NAL0003638115001, received 2025-10-09, EIN 52-1144641, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.