Brasfield & Gorrie, L.L.C. 401(k) Review & Grade
Brasfield & Gorrie 401(k) Plan
Birmingham, ALConstruction3,972 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,714Employer $ per active participant
$8,112Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$492.9MNet plan assets, end of year
$104,844Average balance per account
Score breakdown
- Employer generosity39.3 / 5079th percentile for employer $ per participant
- Low cost20.8 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 83th |
| Employee saving | 79th |
| Peers that auto-enroll | 57% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Brasfield & Gorrie put in about $4,714 per active participant, more than the typical peer ($1,965). 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 | $18,725,199 |
| Participant (employee) contributions | $32,226,313 |
| Other contributions (incl. rollovers in) | $2,159,401 |
| Administrative expenses paid from the plan | $187,791 |
| Contract administrator fees | $300 |
| Other admin expenses | $112,850 |
| Benefits paid out | $41,833,935 |
| Net assets, start / end of year | $420.4M / $492.9M |
| Active participants, start / end of year | 3,656 / 4,289 |
| Participants with account balances | 4,701 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Coker and Company LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $86,144 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014172256NAL0003380817001, received 2025-10-14, EIN 72-1400223, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.