Edukids, Inc. 401(k) Review & Grade
Brightpath 401(k) Plan
Buffalo, NYEducational Services2,366 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$201Employer $ per active participant
$489Employee $ saved per active participant
0.72%Direct admin cost, % of plan assets
$14.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.8 / 506th percentile for employer $ per participant
- Low cost3.1 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving0.3 / 152th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 12th |
| Employee saving | 2th |
| Peers that auto-enroll | 37% |
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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
- Edukids put in about $201 per active participant, below the typical peer ($1,225). 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 (0.72% 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.
- 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 | $475,210 |
| Participant (employee) contributions | $1,157,422 |
| Other contributions (incl. rollovers in) | $1,521,380 |
| Administrative expenses paid from the plan | $85,888 |
| Contract administrator fees | $51,913 |
| Investment advisory & management fees | $33,975 |
| Benefits paid out | $614,567 |
| Net assets, start / end of year | $9.8M / $14.1M |
| Active participants, start / end of year | 2,118 / 2,614 |
| Participants with account balances | 557 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bondadio & Co, LLP |
Largest service providers (Schedule C)
| Ascensus LLC | $51,913 reported compensation |
| Merrill Lynch Retirement & Benefit | $33,975 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015142059NAL0002560419001, received 2025-10-15, EIN 16-1381062, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.