Paragon Industries, Inc. DBA Bedrosians 401(k) Review & Grade
Bedrosians 401(k) Plan
Fresno, CAWholesale Trade591 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1Employer $ per active participant
$816Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$6.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity0.7 / 501th percentile for employer $ per participant
- Low cost16.1 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 153th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 1th |
| Lower admin cost | 64th |
| Employee saving | 3th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,272 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Paragon Industries, Inc. DBA Bedrosians put in about $1 per active participant, below the typical peer ($1,792). 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.
- 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 | $532 |
| Participant (employee) contributions | $482,149 |
| Other contributions (incl. rollovers in) | $15,719 |
| Administrative expenses paid from the plan | $8,257 |
| Contract administrator fees | $4,437 |
| Investment advisory & management fees | $3,570 |
| Other admin expenses | $250 |
| Benefits paid out | $394,008 |
| Net assets, start / end of year | $5.2M / $6.2M |
| Active participants, start / end of year | 554 / 628 |
| Participants with account balances | 124 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pricekubecka, PLLC |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250921173427NAL0001832595001, received 2025-09-21, EIN 94-2260633, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.