Basden Steel and Erection, Inc. 401(k) Review & Grade
Basden Steel Corporation 401(k) Retirement Savings Plan
Burleson, TXConstruction719 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$250Employer $ per active participant
$1,156Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$9.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.5 / 509th percentile for employer $ per participant
- Low cost15.4 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving1.5 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 61th |
| Employee saving | 10th |
| Peers that auto-enroll | 44% |
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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
- Basden Steel and Erection put in about $250 per active participant, below the typical peer ($1,672). 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 | $179,646 |
| Participant (employee) contributions | $830,902 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $14,167 |
| Investment advisory & management fees | $6,147 |
| Other admin expenses | $498 |
| Benefits paid out | $693,088 |
| Net assets, start / end of year | $8.3M / $9.5M |
| Active participants, start / end of year | 466 / 972 |
| Participants with account balances | 158 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Whitley Penn LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $8,020 reported compensation |
| Strategic Advisors, Inc. | $6,147 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002113634NAL0000437793001, received 2025-10-02, EIN 75-2572555, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.