Barnard Construction Company, Inc. 401(k) Review & Grade
Save More Retirement Plan and Trust
Bozeman, MTConstruction669 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$11,188Employer $ per active participant
$7,619Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$127.1MNet plan assets, end of year
$132,158Average balance per account
Score breakdown
- Employer generosity49.0 / 5098th percentile for employer $ per participant
- Low cost24.2 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving12.7 / 1585th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score89 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 97th |
| Employee saving | 85th |
| 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
- Barnard Construction Company put in about $11,188 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.
- 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 | $7,484,550 |
| Participant (employee) contributions | $5,097,055 |
| Other contributions (incl. rollovers in) | $719,288 |
| Administrative expenses paid from the plan | $17,348 |
| Investment advisory & management fees | $18,938 |
| Benefits paid out | $7,795,403 |
| Net assets, start / end of year | $105.6M / $127.1M |
| Active participants, start / end of year | 815 / 523 |
| Participants with account balances | 962 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $18,938 reported compensation |
| Fidelity Investments Institutional | −$1,590 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010112820NAL0008055201001, received 2025-10-10, EIN 81-0384712, plan #011, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.