Boyd Company 401(k) Review & Grade
Boyd Company 401(k) Plan
Louisville, KYWholesale Trade1,428 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,476Employer $ per active participant
$6,018Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$204.4MNet plan assets, end of year
$116,022Average balance per account
Score breakdown
- Employer generosity32.7 / 5065th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 57th |
| Employee saving | 68th |
| Peers that auto-enroll | 53% |
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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
- Boyd put in about $2,476 per active participant, more than the typical peer ($1,792). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $3,533,802 |
| Participant (employee) contributions | $8,591,019 |
| Other contributions (incl. rollovers in) | $539,599 |
| Administrative expenses paid from the plan | $354,570 |
| Contract administrator fees | $147,178 |
| Investment advisory & management fees | $186,297 |
| Benefits paid out | $13,614,361 |
| Net assets, start / end of year | $182.3M / $204.4M |
| Active participants, start / end of year | 1,385 / 1,470 |
| Participants with account balances | 1,762 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| Voya Institutional Plan Services LL | $168,273 reported compensation |
| Voya Retirement Advisors LLC | $109,913 reported compensation |
| Usi Advisors Inc | $76,384 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250828144714NAL0005594147001, received 2025-08-28, EIN 61-0401854, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.