Bureau Veritas Holdings, Inc. 401(k) Review & Grade
Bureau Veritas Industries & Facilities 401(k) Profit Sharing Plan
Houston, TXProfessional, Scientific & Technical Services3,874 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,546Employer $ per active participant
$5,610Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$289.5MNet plan assets, end of year
$56,799Average balance per account
Score breakdown
- Employer generosity13.9 / 5028th percentile for employer $ per participant
- Low cost9.2 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving4.5 / 1530th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 37th |
| Employee saving | 30th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,822 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bureau Veritas Holdings put in about $1,546 per active participant, below the typical peer ($2,951). 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 (0.19% of assets) are well above similar-size plans (0.12%). 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 | $5,991,488 |
| Participant (employee) contributions | $21,734,805 |
| Other contributions (incl. rollovers in) | $5,743,034 |
| Administrative expenses paid from the plan | $512,385 |
| Contract administrator fees | $2,700 |
| Investment advisory & management fees | $120,489 |
| Other admin expenses | $50,297 |
| Benefits paid out | $31,765,241 |
| Net assets, start / end of year | $256.0M / $289.5M |
| Active participants, start / end of year | 3,463 / 4,286 |
| Participants with account balances | 5,097 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $213,652 reported compensation |
| Strategic Advisors, Inc. | $120,489 reported compensation |
| Winston & Strawn LLP | $91,197 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730143428NAL0002003827001, received 2025-07-30, EIN 13-3468812, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.