Barry University 401(k) Review & Grade
Barry University 401(k) Plan
Miami Shores, FLEducational Services2,308 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$778Employer $ per active participant
$1,806Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$97.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity14.7 / 5029th percentile for employer $ per participant
- Low cost10.5 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1529th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 42th |
| Employee saving | 29th |
| Peers that auto-enroll | 37% |
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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
- Barry University put in about $778 per active participant, below the typical peer ($1,225). 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 | $1,795,982 |
| Participant (employee) contributions | $4,169,676 |
| Other contributions (incl. rollovers in) | $980,706 |
| Administrative expenses paid from the plan | $270,883 |
| Contract administrator fees | $28,976 |
| Investment advisory & management fees | $11,937 |
| Other admin expenses | $191,586 |
| Benefits paid out | $11,940,941 |
| Net assets, start / end of year | $91.9M / $97.0M |
| Active participants, start / end of year | 2,310 / 2,307 |
| Participants with account balances | 1,109 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas, P.C. |
Largest service providers (Schedule C)
| Tiaa | $48,859 reported compensation |
| Capfinancial Partners, LLC | $11,500 reported compensation |
| Chason Pension Systems | $6,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251011112432NAL0013833088001, received 2025-10-11, EIN 59-0624364, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.