Brightview Senior Living, LLC 401(k) Review & Grade
The Brightview Senior Living 401(k) Plan
Baltimore, MDReal Estate & Rental4,818 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$536Employer $ per active participant
$2,419Employee $ saved per active participant
0.47%Direct admin cost, % of plan assets
$103.0MNet plan assets, end of year
$17,210Average balance per account
Score breakdown
- Employer generosity12.2 / 5024th percentile for employer $ per participant
- Low cost3.5 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1541th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 2,500–9,999 active participants (50 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 14th |
| Employee saving | 41th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Corrective distributions: the plan refunded $113,827 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Brightview Senior Living put in about $536 per active participant, below the typical peer ($1,141). 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 (0.47% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $2,583,847 |
| Participant (employee) contributions | $11,653,566 |
| Other contributions (incl. rollovers in) | $995,477 |
| Administrative expenses paid from the plan | $444,817 |
| Benefits paid out | $10,245,389 |
| Net assets, start / end of year | $87.5M / $103.0M |
| Active participants, start / end of year | 4,783 / 4,852 |
| Participants with account balances | 5,984 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Sc&h Attest Services, P.C. |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $422,812 reported compensation |
| Sc&h Attest Services, P.C. | $22,005 reported compensation |
| National Financial Services | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015073554NAL0004264225002, received 2025-10-15, EIN 52-2124576, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.