Bloomberg L.P. 401(k) Review & Grade
Bloomberg L.P. 401(k) Plan
New York, NYProfessional, Scientific & Technical Services14,806 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,221Employer $ per active participant
$17,989Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$5.7BNet plan assets, end of year
$298,482Average balance per account
Score breakdown
- Employer generosity45.7 / 5091th percentile for employer $ per participant
- Low cost24.6 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving14.6 / 1597th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score85 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 10,000+ active participants (70 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 98th |
| Employee saving | 97th |
| Peers that auto-enroll | 39% |
Red flags from the filing
Corrective distributions: the plan refunded $76,447 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bloomberg L.P. put in about $6,221 per active participant, more than the typical peer ($2,932). 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 | $92,107,768 |
| Participant (employee) contributions | $266,352,730 |
| Other contributions (incl. rollovers in) | $34,823,245 |
| Administrative expenses paid from the plan | $247,054 |
| Benefits paid out | $240,804,993 |
| Net assets, start / end of year | $4.8B / $5.7B |
| Active participants, start / end of year | 14,760 / 14,853 |
| Participants with account balances | 19,208 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisner Amper LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $240,704 reported compensation |
| Empower Financial Services Inc | $5,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922085310NAL0005394992001, received 2025-09-22, EIN 13-3417984, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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