Bnbuilders, Inc. 401(k) Review & Grade
Bnbuilders, Inc. 401(k) Profit Sharing Plan and Trust
Seattle, WAProfessional, Scientific & Technical Services554 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,580Employer $ per active participant
$11,103Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$69.1MNet plan assets, end of year
$93,713Average balance per account
Score breakdown
- Employer generosity38.7 / 5077th percentile for employer $ per participant
- Low cost15.9 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 64th |
| Employee saving | 68th |
| 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
- Bnbuilders put in about $5,580 per active participant, more than the typical peer ($3,082). 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 | $3,088,766 |
| Participant (employee) contributions | $6,145,623 |
| Other contributions (incl. rollovers in) | $1,293,356 |
| Administrative expenses paid from the plan | $92,323 |
| Investment advisory & management fees | $37,500 |
| Benefits paid out | $5,551,032 |
| Net assets, start / end of year | $56.6M / $69.1M |
| Active participants, start / end of year | 551 / 556 |
| Participants with account balances | 737 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Usi Consulting Group, Inc. | $45,218 reported compensation |
| Usi Advisors, Inc. | $37,500 reported compensation |
| Charles Schwab Trust Bank | $16,439 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014104003NAL0003663408011, received 2025-10-14, EIN 91-2065353, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.