BP Management, L.P. 401(k) Review & Grade
Boston Properties Retirement Savings Plan
Boston, MAReal Estate & Rental715 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,065Employer $ per active participant
$12,702Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$292.0MNet plan assets, end of year
$261,882Average balance per account
Score breakdown
- Employer generosity49.0 / 5098th percentile for employer $ per participant
- Low cost18.4 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving14.6 / 1597th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score92 / 100 · Grade A
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 74th |
| Employee saving | 97th |
| 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
- BP Management, L.P. put in about $8,065 per active participant, more than the typical peer ($1,279). 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 | $5,766,682 |
| Participant (employee) contributions | $9,081,711 |
| Other contributions (incl. rollovers in) | $678,295 |
| Administrative expenses paid from the plan | $285,952 |
| Investment advisory & management fees | $96,723 |
| Benefits paid out | $26,402,003 |
| Net assets, start / end of year | $269.9M / $292.0M |
| Active participants, start / end of year | 713 / 717 |
| Participants with account balances | 1,115 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | PFK JND, P.C. |
Largest service providers (Schedule C)
| Capfinancial Partners LLC | $96,723 reported compensation |
| T Rowe Price RPS Inc | $68,615 reported compensation |
| PKF | $21,177 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015161713NAL0006895952001, received 2025-10-15, EIN 04-3377269, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.