Biohorizons Implant Systems, Inc. 401(k) Review & Grade
Biohorizons Implant Systems, Inc. 401(k) Retirement Plan
Birmingham, ALManufacturing584 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,824Employer $ per active participant
$8,459Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$73.9MNet plan assets, end of year
$107,081Average balance per account
Score breakdown
- Employer generosity40.8 / 5082th percentile for employer $ per participant
- Low cost9.7 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 39th |
| Employee saving | 83th |
| Peers that auto-enroll | 59% |
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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($15,957 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
- Biohorizons Implant Systems put in about $4,824 per active participant, more than the typical peer ($2,320). 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.
- 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 | $2,817,093 |
| Participant (employee) contributions | $4,940,206 |
| Other contributions (incl. rollovers in) | $443,495 |
| Administrative expenses paid from the plan | $213,380 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $146,955 |
| Benefits paid out | $4,732,705 |
| Net assets, start / end of year | $61.1M / $73.9M |
| Active participants, start / end of year | 593 / 575 |
| Participants with account balances | 690 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Kassouf & Co |
Largest service providers (Schedule C)
| Northwestern Mutual Wealth Mgmt Co | $127,902 reported compensation |
| Fidelity Investments Institutional | $66,425 reported compensation |
| Strategic Advisors, Inc. | $19,053 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008132505NAL0005907729001, received 2025-10-08, EIN 63-1163766, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.