Belfor USA Group, Inc. 401(k) Review & Grade
Belfor Group 401(k) Plan
Birmingham, MIConstruction2,148 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,926Employer $ per active participant
$4,305Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$173.2MNet plan assets, end of year
$112,177Average balance per account
Score breakdown
- Employer generosity37.2 / 5074th percentile for employer $ per participant
- Low cost15.0 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1555th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 60th |
| Employee saving | 55th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,233 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Belfor USA Group put in about $2,926 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.
- 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 | $6,282,669 |
| Participant (employee) contributions | $9,245,017 |
| Other contributions (incl. rollovers in) | $1,333,487 |
| Administrative expenses paid from the plan | $263,062 |
| Investment advisory & management fees | $51,666 |
| Benefits paid out | $9,670,752 |
| Net assets, start / end of year | $144.1M / $173.2M |
| Active participants, start / end of year | 1,767 / 2,528 |
| Participants with account balances | 1,544 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $195,996 reported compensation |
| Mercer Investments LLC | $51,667 reported compensation |
| Plante Moran, PLLC | $15,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015082355NAL0002018499001, received 2025-10-15, EIN 84-1309171, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.