Berkshire Production Supply LLC 401(k) Review & Grade
Berkshire Production Supply 401(k) Profit Sharing Plan
Walled Lake, MIWholesale Trade681 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,600Employer $ per active participant
$5,042Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$58.7MNet plan assets, end of year
$104,412Average balance per account
Score breakdown
- Employer generosity33.9 / 5068th percentile for employer $ per participant
- Low cost13.0 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 52th |
| Employee saving | 56th |
| Peers that auto-enroll | 53% |
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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
- Berkshire Production Supply put in about $2,600 per active participant, more than the typical peer ($1,792). 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 | $1,770,766 |
| Participant (employee) contributions | $3,433,613 |
| Other contributions (incl. rollovers in) | $6,500,091 |
| Administrative expenses paid from the plan | $114,088 |
| Other admin expenses | $114,088 |
| Benefits paid out | $6,044,003 |
| Net assets, start / end of year | $47.8M / $58.7M |
| Active participants, start / end of year | 560 / 802 |
| Participants with account balances | 562 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US LLP |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $114,088 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260102101623NAL0000744451001, received 2026-01-02, EIN 20-2178725, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.