Badger Daylighting Corp. 401(k) Review & Grade
Badger Daylighting Corp. 401(k) Plan
Brownsburg, INConstruction1,336 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,348Employer $ per active participant
$4,460Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$45.2MNet plan assets, end of year
$52,558Average balance per account
Score breakdown
- Employer generosity32.0 / 5064th percentile for employer $ per participant
- Low cost8.5 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 34th |
| Employee saving | 56th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Badger Daylighting put in about $2,348 per active participant, more than the typical peer ($1,672). 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.
- Direct plan expenses (0.36% 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.
- 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 | $3,136,818 |
| Participant (employee) contributions | $5,958,673 |
| Other contributions (incl. rollovers in) | $1,491,501 |
| Administrative expenses paid from the plan | $146,906 |
| Investment advisory & management fees | $42,563 |
| Benefits paid out | $6,330,198 |
| Net assets, start / end of year | $36.1M / $45.2M |
| Active participants, start / end of year | 1,236 / 1,436 |
| Participants with account balances | 860 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Katz, Sapper, & Miller, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $104,343 reported compensation |
| Strategic Advisors, Inc. | $22,563 reported compensation |
| Gallagher Fiduciary Advisors LLC | $20,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010104634NAL0007974705001, received 2025-10-10, EIN 88-0411466, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.