BDP International, Inc. 401(k) Review & Grade
BDP International, Inc. 401k and Profit Sharing
Philadelphia, PAFinance & Insurance1,302 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,231Employer $ per active participant
$5,496Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$125.9MNet plan assets, end of year
$80,118Average balance per account
Score breakdown
- Employer generosity12.3 / 5025th percentile for employer $ per participant
- Low cost11.9 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 48th |
| Employee saving | 29th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($434,688 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $1,982 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- BDP International put in about $2,231 per active participant, below the typical peer ($3,606). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,906,251 |
| Participant (employee) contributions | $7,158,099 |
| Other contributions (incl. rollovers in) | $509,691 |
| Administrative expenses paid from the plan | $295,529 |
| Investment advisory & management fees | $74,650 |
| Benefits paid out | $11,774,592 |
| Net assets, start / end of year | $112.2M / $125.9M |
| Active participants, start / end of year | 1,344 / 1,261 |
| Participants with account balances | 1,572 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Belfint, Lyons & Shuman, P.A. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $220,879 reported compensation |
| LPL Financial LLC | $69,900 reported compensation |
| Advised Assets Group, LLC | $4,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015140622NAL0002418739001, received 2025-10-15, EIN 23-1878776, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.