Baker Donelson Bearman Caldwell & Berkowitz P.C. 401(k) Review & Grade
Baker Donelson Bearman Caldwell & Berkowitz Retirement Savings Plan
Memphis, TNProfessional, Scientific & Technical Services1,132 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$18,718Employer $ per active participant
$15,026Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$627.6MNet plan assets, end of year
$386,910Average balance per account
Score breakdown
- Employer generosity49.6 / 5099th percentile for employer $ per participant
- Low cost20.4 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score93 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 82th |
| Employee saving | 88th |
| Peers that auto-enroll | 48% |
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
- Baker Donelson Bearman Caldwell & Berkowitz put in about $18,718 per active participant, more than the typical peer ($3,082). 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.
- 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 | $21,198,571 |
| Participant (employee) contributions | $17,017,029 |
| Other contributions (incl. rollovers in) | $4,234,594 |
| Administrative expenses paid from the plan | $413,936 |
| Contract administrator fees | $37,250 |
| Other admin expenses | $368,683 |
| Benefits paid out | $48,201,716 |
| Net assets, start / end of year | $556.9M / $627.6M |
| Active participants, start / end of year | 1,105 / 1,160 |
| Participants with account balances | 1,622 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US LLP |
Largest service providers (Schedule C)
| Eudaimonia Advisors LLC | $66,596 reported compensation |
| RFG Advisory LLC | $42,621 reported compensation |
| Burleigh Consulting Group | $37,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010100352NAL0004487251001, received 2025-10-10, EIN 62-1047356, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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