Barge Design Solutions, Inc. 401(k) Review & Grade
Barge Design Solutions, Inc. Employees' Profit Sharing Plan
Nashville, TNProfessional, Scientific & Technical Services604 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,281Employer $ per active participant
$11,143Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$142.0MNet plan assets, end of year
$193,782Average balance per account
Score breakdown
- Employer generosity37.6 / 5075th percentile for employer $ per participant
- Low cost11.9 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 48th |
| Employee saving | 68th |
| Peers that auto-enroll | 48% |
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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
- Barge Design Solutions put in about $5,281 per active participant, more than the typical peer ($3,082). 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 | $3,189,904 |
| Participant (employee) contributions | $6,730,355 |
| Other contributions (incl. rollovers in) | $3,065,051 |
| Administrative expenses paid from the plan | $323,986 |
| Contract administrator fees | $269,011 |
| Investment advisory & management fees | $34,500 |
| Benefits paid out | $16,702,047 |
| Net assets, start / end of year | $120.5M / $142.0M |
| Active participants, start / end of year | 594 / 614 |
| Participants with account balances | 733 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cherry Bekaert, LLP |
| Employer stock held by plan | $48,955,268 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $257,510 reported compensation |
| Robert W Baird Inc | $46,000 reported compensation |
| Cherry Bekaert LLP | $20,475 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013123619NAL0000600691001, received 2025-10-13, EIN 62-0525827, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.