BNP Paribas 401(k) Review & Grade
BNP Paribas 401k Savings Plan
New York, NYFinance & Insurance3,636 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9,860Employer $ per active participant
$17,940Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$2.2BNet plan assets, end of year
$336,212Average balance per account
Score breakdown
- Employer generosity44.4 / 5089th percentile for employer $ per participant
- Low cost22.3 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving14.7 / 1598th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 89th |
| Employee saving | 98th |
| Peers that auto-enroll | 66% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $49,965 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- BNP Paribas put in about $9,860 per active participant, more than the typical peer ($4,489). 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 | $35,851,323 |
| Participant (employee) contributions | $65,228,371 |
| Other contributions (incl. rollovers in) | $7,767,894 |
| Administrative expenses paid from the plan | $628,722 |
| Investment advisory & management fees | $58,350 |
| Other admin expenses | $512,185 |
| Benefits paid out | $140,193,419 |
| Net assets, start / end of year | $1.9B / $2.2B |
| Active participants, start / end of year | 3,617 / 3,655 |
| Participants with account balances | 6,471 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte |
Largest service providers (Schedule C)
| Willis Towers Watson US LLC | $152,400 reported compensation |
| Deloitte | $117,223 reported compensation |
| Capfinancial Partners, LLC | $58,350 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014225606NAL0003681185001, received 2025-10-14, EIN 94-1677765, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.