Balyasny Asset Management, L.P. 401(k) Review & Grade
Balyasny Asset Management 401(k) Plan
Chicago, ILFinance & Insurance1,367 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,482Employer $ per active participant
$21,652Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$263.0MNet plan assets, end of year
$155,135Average balance per account
Score breakdown
- Employer generosity23.8 / 5048th percentile for employer $ per participant
- Low cost22.9 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving14.7 / 1598th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 92th |
| Employee saving | 98th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,044 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Balyasny Asset Management, L.P. put in about $3,482 per active participant, below the typical peer ($3,606). 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.
- 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 | $4,759,878 |
| Participant (employee) contributions | $29,597,923 |
| Other contributions (incl. rollovers in) | $10,941,446 |
| Administrative expenses paid from the plan | $83,689 |
| Investment advisory & management fees | $19,029 |
| Benefits paid out | $25,892,571 |
| Net assets, start / end of year | $206.2M / $263.0M |
| Active participants, start / end of year | 1,341 / 1,393 |
| Participants with account balances | 1,695 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Miller Cooper & Company, LTD. |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $68,615 reported compensation |
| Morningstar Inc | $6,742 reported compensation |
| Creative Planning Holdco LLC | $5,045 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251103085241NAL0010284688001, received 2025-11-03, EIN 36-4486492, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.