Boys & Girls Clubs of Greater Mi 401(k) Review & Grade
Boys & Girls Clubs of Greater Milwaukee 401(k) Plan
Milwaukee, WIOther Services536 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$896Employer $ per active participant
$967Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$12.7MNet plan assets, end of year
$35,222Average balance per account
Score breakdown
- Employer generosity20.2 / 5040th percentile for employer $ per participant
- Low cost4.6 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score21 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 18th |
| Employee saving | 23th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($44,320 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Boys & Girls Clubs of Greater Mi put in about $896 per active participant, below the typical peer ($1,257). 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 (0.58% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $480,852 |
| Participant (employee) contributions | $518,743 |
| Other contributions (incl. rollovers in) | $7,517 |
| Administrative expenses paid from the plan | $73,529 |
| Investment advisory & management fees | $32,021 |
| Benefits paid out | $2,416,154 |
| Net assets, start / end of year | $12.5M / $12.7M |
| Active participants, start / end of year | 589 / 484 |
| Participants with account balances | 361 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sikich CPA LLC |
Largest service providers (Schedule C)
| Adp, Inc. | $41,508 reported compensation |
| Global Retirement Partners | $32,021 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251106114052NAL0015414000001, received 2025-11-06, EIN 39-0806292, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.