Bakemark USA LLC 401(k) Review & Grade
Bakemark USA LLC 401(k) Plan
Pico Rivera, CAWholesale Trade1,342 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,434Employer $ per active participant
$4,357Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$66.6MNet plan assets, end of year
$48,811Average balance per account
Score breakdown
- Employer generosity32.1 / 5064th percentile for employer $ per participant
- Low cost15.2 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1544th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 61th |
| Employee saving | 44th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,613 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bakemark USA put in about $2,434 per active participant, more than the typical peer ($1,792). 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.
- 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 | $3,268,119 |
| Participant (employee) contributions | $5,849,297 |
| Other contributions (incl. rollovers in) | $1,478,258 |
| Administrative expenses paid from the plan | $101,008 |
| Contract administrator fees | $101,008 |
| Benefits paid out | $9,767,751 |
| Net assets, start / end of year | $58.0M / $66.6M |
| Active participants, start / end of year | 1,450 / 1,235 |
| Participants with account balances | 1,364 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $109,004 reported compensation |
| Aon Investments USA Inc | $95,568 reported compensation |
| Bdo USA LLP (auditor) | $34,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015184951NAL0005662177001, received 2025-10-15, EIN 95-2755319, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.