Beacon Hill Staffing Group, LLC 401(k) Review & Grade
Beacon Hill Staffing Group, LLC 401(k) Plan
Boston, MAAdministrative, Support & Staffing Services3,194 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5Employer $ per active participant
$5,641Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$107.7MNet plan assets, end of year
$34,038Average balance per account
Score breakdown
- Employer generosity5.6 / 5011th percentile for employer $ per participant
- Low cost7.6 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving13.8 / 1592th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 30th |
| Employee saving | 92th |
| Peers that auto-enroll | 22% |
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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
- Beacon Hill Staffing Group put in about $5 per active participant, below the typical peer ($342). 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.
- Direct plan expenses (0.23% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $16,233 |
| Participant (employee) contributions | $18,020,710 |
| Other contributions (incl. rollovers in) | $1,819,003 |
| Administrative expenses paid from the plan | $215,381 |
| Investment advisory & management fees | $95,325 |
| Benefits paid out | $8,908,170 |
| Net assets, start / end of year | $83.5M / $107.7M |
| Active participants, start / end of year | 2,336 / 4,053 |
| Participants with account balances | 3,165 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wolf & Company, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $120,056 reported compensation |
| Strategic Retirement Plan | $95,325 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731132020NAL0002606563001, received 2025-07-31, EIN 04-3496741, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.