Birdsong Corporation 401(k) Review & Grade
Birdsong Corporation 401(k) Matching & Profit Sharing Contribution Plan
Suffolk, VAManufacturing720 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,150Employer $ per active participant
$3,377Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$73.7MNet plan assets, end of year
$103,432Average balance per account
Score breakdown
- Employer generosity32.7 / 5065th percentile for employer $ per participant
- Low cost12.4 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 50th |
| Employee saving | 28th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,969 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Birdsong put in about $3,150 per active participant, more than the typical peer ($2,320). 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 | $2,266,395 |
| Participant (employee) contributions | $2,429,819 |
| Other contributions (incl. rollovers in) | $960,562 |
| Administrative expenses paid from the plan | $162,126 |
| Investment advisory & management fees | $68,723 |
| Benefits paid out | $4,919,166 |
| Net assets, start / end of year | $65.6M / $73.7M |
| Active participants, start / end of year | 798 / 641 |
| Participants with account balances | 713 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Charles W. Snader PC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $93,403 reported compensation |
| Empower Advisory Group, LLC | $35,061 reported compensation |
| Onedigital Investment Advisors LLC | $33,662 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260330103258NAL0014245554001, received 2026-03-30, EIN 54-0478709, plan #002, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.