Btig, LLC 401(k) Review & Grade
Btig, LLC 401(k) Plan
San Francisco, CAProfessional, Scientific & Technical Services580 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,212Employer $ per active participant
$17,589Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$142.2MNet plan assets, end of year
$212,505Average balance per account
Score breakdown
- Employer generosity40.3 / 5081th percentile for employer $ per participant
- Low cost14.7 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 59th |
| Employee saving | 96th |
| Peers that auto-enroll | 48% |
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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
- Btig put in about $6,212 per active participant, more than the typical peer ($3,082). 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.
- 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 | $3,599,985 |
| Participant (employee) contributions | $10,193,032 |
| Other contributions (incl. rollovers in) | $1,561,835 |
| Administrative expenses paid from the plan | $226,380 |
| Investment advisory & management fees | $203,007 |
| Benefits paid out | $8,344,092 |
| Net assets, start / end of year | $116.1M / $142.2M |
| Active participants, start / end of year | 574 / 585 |
| Participants with account balances | 669 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| Newport Capital Advisers | $122,703 reported compensation |
| John Hancock | $109,056 reported compensation |
| Eisneramper LLP | $23,373 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013161805NAL0000823139001, received 2025-10-13, EIN 04-3695739, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.