Biagi Bros., Inc. 401(k) Review & Grade
Biagi Bros., Inc. 401(k) Profit Sharing Plan
Napa, CATransportation & Warehousing642 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$802Employer $ per active participant
$2,467Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$33.4MNet plan assets, end of year
$74,776Average balance per account
Score breakdown
- Employer generosity20.3 / 5041th percentile for employer $ per participant
- Low cost9.6 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 38th |
| Employee saving | 40th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $67,367 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Biagi Bros. put in about $802 per active participant, below the typical peer ($1,070). 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.
- 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 | $514,779 |
| Participant (employee) contributions | $1,582,456 |
| Other contributions (incl. rollovers in) | $413,461 |
| Administrative expenses paid from the plan | $101,585 |
| Investment advisory & management fees | $101,585 |
| Benefits paid out | $2,792,709 |
| Net assets, start / end of year | $30.1M / $33.4M |
| Active participants, start / end of year | 651 / 632 |
| Participants with account balances | 447 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kosmatka Donnelly & Co., LLP |
Largest service providers (Schedule C)
| Financial Advocates Investment | $55,845 reported compensation |
| Empower Advisory Group, LLC | $45,740 reported compensation |
| Empower Annuity Insurance Company | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010184551NAL0008098993001, received 2025-10-10, EIN 91-1395542, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.