Bonded Filter Co. LLC 401(k) Review & Grade
Bonded Filter Co. 401(k) Profit Sharing Plan and Trust
Nashville, TNConstruction524 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$169Employer $ per active participant
$1,252Employee $ saved per active participant
0.96%Direct admin cost, % of plan assets
$7.5MNet plan assets, end of year
$19,973Average balance per account
Score breakdown
- Employer generosity3.5 / 507th percentile for employer $ per participant
- Low cost1.7 / 257th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score7 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 7th |
| Employee saving | 11th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $82,049 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bonded Filter Co. put in about $169 per active participant, below the typical peer ($1,672). 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.
- Direct plan expenses (0.96% 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 | $88,483 |
| Participant (employee) contributions | $655,207 |
| Other contributions (incl. rollovers in) | $16,489 |
| Administrative expenses paid from the plan | $73,334 |
| Contract administrator fees | $36,535 |
| Investment advisory & management fees | $30,886 |
| Other admin expenses | $5,913 |
| Benefits paid out | $1,634,894 |
| Net assets, start / end of year | $7.8M / $7.5M |
| Active participants, start / end of year | 605 / 442 |
| Participants with account balances | 374 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frazier & Deeter Cpas & Advisors |
Largest service providers (Schedule C)
| Raymand James Fsa | $28,406 reported compensation |
| Futureplan by Ascensus | $5,914 reported compensation |
| John Hancock USA | $1,817 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260126091423NAL0001681969001, received 2026-01-26, EIN 20-0415085, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.