Barnhart Crane & Rigging Co. 401(k) Review & Grade
Barnhart Crane & Rigging Company 401(k) Profit Sharing Plan
Memphis, TNConstruction936 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,783Employer $ per active participant
$9,254Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$162.0MNet plan assets, end of year
$138,188Average balance per account
Score breakdown
- Employer generosity47.7 / 5095th percentile for employer $ per participant
- Low cost14.7 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving13.7 / 1592th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score83 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 59th |
| Employee saving | 92th |
| Peers that auto-enroll | 44% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $40,188 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Barnhart Crane & Rigging put in about $7,783 per active participant, more than the typical peer ($1,672). 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 | $7,289,081 |
| Participant (employee) contributions | $8,666,529 |
| Other contributions (incl. rollovers in) | $1,280,751 |
| Administrative expenses paid from the plan | $259,812 |
| Investment advisory & management fees | $102,621 |
| Benefits paid out | $13,825,644 |
| Net assets, start / end of year | $137.7M / $162.0M |
| Active participants, start / end of year | 874 / 999 |
| Participants with account balances | 1,172 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $157,191 reported compensation |
| Empower Advisory Group, LLC | $102,621 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007103004NAL0011266034001, received 2025-10-07, EIN 62-1269879, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.