Brundage Management Company, Inc. 401(k) Review & Grade
Brundage Management Co. 401(k) Savings Plan
San Antonio, TXProfessional, Scientific & Technical Services678 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,252Employer $ per active participant
$2,383Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$19.3MNet plan assets, end of year
$30,172Average balance per account
Score breakdown
- Employer generosity11.5 / 5023th percentile for employer $ per participant
- Low cost4.8 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving1.8 / 1512th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 19th |
| Employee saving | 12th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Auditor concern: the independent auditor gave a qualified or adverse opinion.
Corrective distributions: the plan refunded $28,354 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Brundage Management Company put in about $1,252 per active participant, below the typical peer ($3,082). 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 (0.57% 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 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 | $848,420 |
| Participant (employee) contributions | $1,614,477 |
| Other contributions (incl. rollovers in) | $209,200 |
| Administrative expenses paid from the plan | $103,131 |
| Contract administrator fees | $103,131 |
| Benefits paid out | $2,295,501 |
| Net assets, start / end of year | $17.0M / $19.3M |
| Active participants, start / end of year | 681 / 674 |
| Participants with account balances | 641 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Burkhart Peterson, Cpas. PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $103,880 reported compensation |
| Usi Advisors, Inc. | $18,296 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002095912NAL0000934338001, received 2025-10-02, EIN 74-2679466, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.