Bdo USA, P.C. 401(k) Review & Grade
Bdo USA Retirement Plan
Chicago, ILProfessional, Scientific & Technical Services9,468 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,005Employer $ per active participant
$12,755Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$1.9BNet plan assets, end of year
$131,880Average balance per account
Score breakdown
- Employer generosity33.0 / 5066th percentile for employer $ per participant
- Low cost19.9 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 80th |
| Employee saving | 73th |
| Peers that auto-enroll | 47% |
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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Bdo USA put in about $4,005 per active participant, more than the typical peer ($2,951). 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 | $37,924,278 |
| Participant (employee) contributions | $120,770,662 |
| Other contributions (incl. rollovers in) | $26,977,858 |
| Administrative expenses paid from the plan | $865,481 |
| Investment advisory & management fees | $116,315 |
| Other admin expenses | $4,074 |
| Benefits paid out | $208,570,199 |
| Net assets, start / end of year | $1.7B / $1.9B |
| Active participants, start / end of year | 9,799 / 9,138 |
| Participants with account balances | 14,739 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hungerford Cpas & Advisors |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $745,092 reported compensation |
| Morningstar | $116,315 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002141852NAL0000388243001, received 2025-10-02, EIN 13-5381590, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.