Andre-Boudin Bakeries, Inc. 401(k) Review & Grade
Andre-Boudin Bakeries 401k Plan
San Francisco, CARetail Trade618 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$110Employer $ per active participant
$1,280Employee $ saved per active participant
1.14%Direct admin cost, % of plan assets
$7.2MNet plan assets, end of year
$15,626Average balance per account
Score breakdown
- Employer generosity5.4 / 5011th percentile for employer $ per participant
- Low cost1.3 / 255th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1520th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 5th |
| Employee saving | 20th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $41,693 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Andre-Boudin Bakeries put in about $110 per active participant, below the typical peer ($743). 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 (1.14% 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.
- 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 | $68,214 |
| Participant (employee) contributions | $790,265 |
| Other contributions (incl. rollovers in) | $121,626 |
| Administrative expenses paid from the plan | $75,627 |
| Investment advisory & management fees | $21,757 |
| Benefits paid out | $541,178 |
| Net assets, start / end of year | $6.1M / $7.2M |
| Active participants, start / end of year | 681 / 554 |
| Participants with account balances | 460 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Frank Rimerman & Co. LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $53,870 reported compensation |
| Ubs Financial Services, Inc. | $21,757 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014055912NAL0002187969001, received 2025-10-14, EIN 94-1428386, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.