Berkshire Hathaway Specialty Ins 401(k) Review & Grade
Berkshire Hathaway Specialty Insurance Company Retirement Pla
Boston, MAFinance & Insurance910 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,666Employer $ per active participant
$14,804Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$174.1MNet plan assets, end of year
$157,539Average balance per account
Score breakdown
- Employer generosity43.4 / 5087th percentile for employer $ per participant
- Low cost22.3 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving13.4 / 1590th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score86 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 89th |
| Employee saving | 90th |
| Peers that auto-enroll | 62% |
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
Corrective distributions: the plan refunded $2,099 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Berkshire Hathaway Specialty Ins put in about $7,666 per active participant, more than the typical peer ($3,606). 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 | $6,979,769 |
| Participant (employee) contributions | $13,478,672 |
| Other contributions (incl. rollovers in) | $10,344,803 |
| Administrative expenses paid from the plan | $66,314 |
| Investment advisory & management fees | $50,034 |
| Benefits paid out | $7,358,488 |
| Net assets, start / end of year | $130.9M / $174.1M |
| Active participants, start / end of year | 886 / 935 |
| Participants with account balances | 1,105 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Caron and Bletzer PLLC |
Largest service providers (Schedule C)
| Mayflower Financial Advisors, LLC | $50,034 reported compensation |
| Adp, Inc. | $16,280 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250722060207NAL0005827858001, received 2025-07-22, EIN 63-0202590, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.