Bryant & Stratton College, Inc. 401(k) Review & Grade
Bryant & Stratton College 401(k) Savings Plan
Orchard Park, NYEducational Services1,260 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,734Employer $ per active participant
$3,616Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$85.0MNet plan assets, end of year
$38,832Average balance per account
Score breakdown
- Employer generosity33.2 / 5066th percentile for employer $ per participant
- Low cost10.8 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1566th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 43th |
| Employee saving | 66th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,936 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bryant & Stratton College put in about $1,734 per active participant, more than the typical peer ($1,225). 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 | $2,183,886 |
| Participant (employee) contributions | $4,554,390 |
| Other contributions (incl. rollovers in) | $512,020 |
| Administrative expenses paid from the plan | $228,663 |
| Investment advisory & management fees | $24,586 |
| Benefits paid out | $10,979,545 |
| Net assets, start / end of year | $78.6M / $85.0M |
| Active participants, start / end of year | 1,259 / 1,260 |
| Participants with account balances | 2,188 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Tronconi Segarra & Associates |
Largest service providers (Schedule C)
| Empower Life & Annuity Insurance Co | $204,077 reported compensation |
| Cbiz Investment Advisory Services | $24,586 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008185904NAL0003213715001, received 2025-10-08, EIN 84-4813183, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.