Bwi Companies, Inc. 401(k) Review & Grade
Bwi Companies, Inc. 401(k) Plan
Nash, TXWholesale Trade596 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,572Employer $ per active participant
$4,147Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$67.4MNet plan assets, end of year
$157,128Average balance per account
Score breakdown
- Employer generosity21.6 / 5043th percentile for employer $ per participant
- Low cost9.7 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 39th |
| Employee saving | 42th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($13,995 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
- Bwi Companies put in about $1,572 per active participant, below the typical peer ($1,792). 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.
- 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 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 | $936,861 |
| Participant (employee) contributions | $2,471,426 |
| Other contributions (incl. rollovers in) | $22,338 |
| Administrative expenses paid from the plan | $207,257 |
| Investment advisory & management fees | $114,825 |
| Other admin expenses | $300 |
| Benefits paid out | $7,812,480 |
| Net assets, start / end of year | $63.6M / $67.4M |
| Active participants, start / end of year | 591 / 601 |
| Participants with account balances | 429 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Newport Group Consulting LLC | $71,436 reported compensation |
| Empower Annuity Insurance Company | $71,222 reported compensation |
| Empower Advisory Group, LLC | $43,389 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003150520NAL0003668514001, received 2025-10-03, EIN 75-1789544, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.