Birge & Held Asset Management, LLC 401(k) Review & Grade
Birge & Held Asset Management, LLC 401(k) Plan
Indianapolis, INReal Estate & Rental552 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,038Employer $ per active participant
$1,933Employee $ saved per active participant
0.56%Direct admin cost, % of plan assets
$8.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity21.4 / 5043th percentile for employer $ per participant
- Low cost4.9 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving3.7 / 1525th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 20th |
| Employee saving | 25th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Birge & Held Asset Management put in about $1,038 per active participant, below the typical peer ($1,279). 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 (0.56% 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 | $573,667 |
| Participant (employee) contributions | $1,067,784 |
| Other contributions (incl. rollovers in) | $11,986 |
| Administrative expenses paid from the plan | $39,985 |
| Investment advisory & management fees | $27,111 |
| Benefits paid out | $551,761 |
| Net assets, start / end of year | $6.1M / $8.2M |
| Active participants, start / end of year | 587 / 518 |
| Participants with account balances | 223 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas, P.C. |
Largest service providers (Schedule C)
| Lji Wealth Management, LLC | $27,111 reported compensation |
| American Pension Advisors, LTD | $9,726 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015192325NAL0002812691001, received 2025-10-15, EIN 45-5450139, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.