Bni Global LLC 401(k) Review & Grade
Bni Global LLC
Charlotte, NCAdministrative, Support & Staffing Services670 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$542Employer $ per active participant
$1,345Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$5.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity22.4 / 5045th percentile for employer $ per participant
- Low cost17.3 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 69th |
| Employee saving | 41th |
| Peers that auto-enroll | 27% |
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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
- Bni Global put in about $542 per active participant, below the typical peer ($712). 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 | $362,814 |
| Participant (employee) contributions | $901,370 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $5,946 |
| Benefits paid out | $841,295 |
| Net assets, start / end of year | $4.4M / $5.4M |
| Active participants, start / end of year | 750 / 590 |
| Participants with account balances | 235 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran PLLC |
Largest service providers (Schedule C)
| Adp, Inc. | $5,944 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250819051004NAL0001858113001, received 2025-08-19, EIN 35-2519804, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.