Bish's RV, LLC 401(k) Review & Grade
Bish's RV 401(k) Plan
Meridian, IDRetail Trade830 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,993Employer $ per active participant
$3,133Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$19.9MNet plan assets, end of year
$43,450Average balance per account
Score breakdown
- Employer generosity42.5 / 5085th percentile for employer $ per participant
- Low cost5.9 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 24th |
| Employee saving | 53th |
| Peers that auto-enroll | 48% |
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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
- Bish's RV put in about $1,993 per active participant, more than the typical peer ($743). 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.
- Direct plan expenses (0.49% 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 | $1,652,819 |
| Participant (employee) contributions | $2,598,516 |
| Other contributions (incl. rollovers in) | $557,439 |
| Administrative expenses paid from the plan | $89,724 |
| Benefits paid out | $3,606,363 |
| Net assets, start / end of year | $16.5M / $19.9M |
| Active participants, start / end of year | 887 / 772 |
| Participants with account balances | 457 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cooper Norman |
Largest service providers (Schedule C)
| John Hancock Retirement Plan Svcs | $39,602 reported compensation |
| LPL Financial | $31,273 reported compensation |
| Wilmington Trust, National Assoc. | $9,581 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015111122NAL0009257522001, received 2025-10-15, EIN 20-2045075, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.