Bacardi U.S.A., Inc. 401(k) Review & Grade
Bacardi U.S.A., Inc. & Affiliates 401(k) Savings and DC Retirement Plan
Coral Gables, FLManufacturing1,092 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$9,827Employer $ per active participant
$9,128Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$290.0MNet plan assets, end of year
$188,171Average balance per account
Score breakdown
- Employer generosity48.0 / 5096th percentile for employer $ per participant
- Low cost9.1 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving12.9 / 1586th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-20 pts2 issues reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 36th |
| Employee saving | 86th |
| Peers that auto-enroll | 59% |
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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 ($221 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Prohibited transactions: the plan reported non-exempt transactions with a party in interest.
What to do if you're in this plan
- Bacardi U.S.A. put in about $9,827 per active participant, more than the typical peer ($2,320). 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.
- 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 | $10,725,736 |
| Participant (employee) contributions | $9,963,030 |
| Other contributions (incl. rollovers in) | $1,103,537 |
| Administrative expenses paid from the plan | $945,882 |
| Contract administrator fees | $9,181 |
| Investment advisory & management fees | $765,208 |
| Other admin expenses | $23,815 |
| Benefits paid out | $35,896,201 |
| Net assets, start / end of year | $267.4M / $290.0M |
| Active participants, start / end of year | 1,095 / 1,088 |
| Participants with account balances | 1,541 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe, LLP |
Largest service providers (Schedule C)
| Mercer Investments | $327,557 reported compensation |
| Voya Retirement Advisors, LLC | $128,993 reported compensation |
| Voya Institutional Plan Services | $62,765 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015105223NAL0005848640001, received 2025-10-15, EIN 13-1507147, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.