Bell Industries, Inc. 401(k) Review & Grade
Bell Techlogix Savings and Retirement Plan
Indianapolis, INWholesale Trade500 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$926Employer $ per active participant
$4,212Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$23.3MNet plan assets, end of year
$41,988Average balance per account
Score breakdown
- Employer generosity10.6 / 5021th percentile for employer $ per participant
- Low cost6.2 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1543th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 25th |
| Employee saving | 43th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,558 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bell Industries put in about $926 per active participant, below the typical peer ($1,792). 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 (0.48% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $463,705 |
| Participant (employee) contributions | $2,108,216 |
| Other contributions (incl. rollovers in) | $279,300 |
| Administrative expenses paid from the plan | $102,907 |
| Investment advisory & management fees | $30,000 |
| Benefits paid out | $2,722,658 |
| Net assets, start / end of year | $19.9M / $23.3M |
| Active participants, start / end of year | 519 / 482 |
| Participants with account balances | 555 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Oneamerica Retirement Services LLC | $61,357 reported compensation |
| Captrust Financial Advisors | $30,000 reported compensation |
| Baker Tilly US, LLP | $11,550 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250723111007NAL0001955235001, received 2025-07-23, EIN 95-2039211, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.