Bozzuto's, Inc. 401(k) Review & Grade
Bozzuto's, Inc. 401(k) Plan
Cheshire, CTWholesale Trade1,583 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$762Employer $ per active participant
$4,538Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$95.1MNet plan assets, end of year
$53,281Average balance per account
Score breakdown
- Employer generosity7.9 / 5016th percentile for employer $ per participant
- Low cost20.6 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1548th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 82th |
| Employee saving | 48th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $38,370 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bozzuto's put in about $762 per active participant, below the typical peer ($1,792). 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 | $1,205,963 |
| Participant (employee) contributions | $7,182,929 |
| Other contributions (incl. rollovers in) | $237,081 |
| Administrative expenses paid from the plan | $60,542 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $16,687 |
| Benefits paid out | $9,945,464 |
| Net assets, start / end of year | $84.0M / $95.1M |
| Active participants, start / end of year | 1,474 / 1,692 |
| Participants with account balances | 1,785 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $43,905 reported compensation |
| Strategic Advisors, Inc. | $16,687 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010160836NAL0013494528001, received 2025-10-10, EIN 06-0606469, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.