BG Staff Services, Inc. 401(k) Review & Grade
BG Staff Services Inc. Retirement Savings Plan
Plano, TXAdministrative, Support & Staffing Services11,510 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$170Employer $ per active participant
$374Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$44.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity23.4 / 5047th percentile for employer $ per participant
- Low cost1.6 / 256th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score21 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 10,000+ active participants (33 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 6th |
| Employee saving | 22th |
| Peers that auto-enroll | 36% |
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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 ($23,216 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- BG Staff Services put in about $170 per active participant, below the typical peer ($271). 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 (0.38% of assets) are well above similar-size plans (0.09%). 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 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 | $1,961,423 |
| Participant (employee) contributions | $4,310,083 |
| Other contributions (incl. rollovers in) | $335,825 |
| Administrative expenses paid from the plan | $153,691 |
| Investment advisory & management fees | $111,335 |
| Benefits paid out | $5,200,874 |
| Net assets, start / end of year | $36.7M / $44.3M |
| Active participants, start / end of year | 611 / 22,408 |
| Participants with account balances | 636 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Whitley Penn LLP |
Largest service providers (Schedule C)
| Visionpoint Advisory Group | $66,589 reported compensation |
| Strategic Advisors, Inc. | $44,746 reported compensation |
| Fidelity Investments Institutional | $43,214 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009095337NAL0006397393001, received 2025-10-09, EIN 75-2570347, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.