Baillie Lumber Co., L.P. 401(k) Review & Grade
Baillie Lumber Co., L.P. 401(k) Plan
Hamburg, NYWholesale Trade894 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$732Employer $ per active participant
$4,452Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$78.8MNet plan assets, end of year
$76,571Average balance per account
Score breakdown
- Employer generosity7.3 / 5015th percentile for employer $ per participant
- Low cost17.7 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1547th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 71th |
| Employee saving | 47th |
| Peers that auto-enroll | 53% |
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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
- Baillie Lumber Co., L.P. put in about $732 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.
- 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 | $654,484 |
| Participant (employee) contributions | $3,982,514 |
| Other contributions (incl. rollovers in) | $227,391 |
| Administrative expenses paid from the plan | $87,304 |
| Investment advisory & management fees | $48,064 |
| Benefits paid out | $9,675,417 |
| Net assets, start / end of year | $73.6M / $78.8M |
| Active participants, start / end of year | 928 / 861 |
| Participants with account balances | 1,029 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Chiampou Travis Besaw & Kershne |
Largest service providers (Schedule C)
| Empower Life & Annuity Insurance Co | $88,500 reported compensation |
| Morgan Stanley Smith Barney LLC | $40,000 reported compensation |
| Empower Advisory Group, LLC | $8,064 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014152215NAL0003272449001, received 2025-10-14, EIN 16-1439224, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.