Bid Group Holdings (US) Inc. 401(k) Review & Grade
Bid Group Holdings (US) Inc. 401(k) Plan
Saint George, SCManufacturing1,030 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,053Employer $ per active participant
$2,398Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$28.5MNet plan assets, end of year
$49,718Average balance per account
Score breakdown
- Employer generosity9.2 / 5018th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 36th |
| Employee saving | 16th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Bid Group Holdings (US) put in about $1,053 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.
- 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 | $1,084,691 |
| Participant (employee) contributions | $2,471,653 |
| Other contributions (incl. rollovers in) | $347,474 |
| Administrative expenses paid from the plan | $92,524 |
| Investment advisory & management fees | $140 |
| Benefits paid out | $4,716,638 |
| Net assets, start / end of year | $25.9M / $28.5M |
| Active participants, start / end of year | 1,178 / 883 |
| Participants with account balances | 573 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Websterrogers LLP |
Largest service providers (Schedule C)
| Mutual of America Sec Corp LLC | $58,519 reported compensation |
| Fidelity Investments Institutional | $33,865 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015125025NAL0006142464001, received 2025-10-15, EIN 47-4848512, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.