Bessemer Trust Company 401(k) Review & Grade
Bessemer Trust Company 401k and Profit Sharing Plan
Woodbridge, NJFinance & Insurance1,239 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$28,719Employer $ per active participant
$12,984Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$764.1MNet plan assets, end of year
$494,910Average balance per account
Score breakdown
- Employer generosity49.9 / 50100th percentile for employer $ per participant
- Low cost24.7 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score97 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 99th |
| Employee saving | 85th |
| Peers that auto-enroll | 62% |
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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
- Bessemer Trust put in about $28,719 per active participant, more than the typical peer ($3,606). 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 | $35,582,900 |
| Participant (employee) contributions | $16,086,862 |
| Other contributions (incl. rollovers in) | $3,756,663 |
| Administrative expenses paid from the plan | $29,730 |
| Benefits paid out | $33,651,252 |
| Net assets, start / end of year | $636.2M / $764.1M |
| Active participants, start / end of year | 1,206 / 1,272 |
| Participants with account balances | 1,544 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $29,730 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001134426NAL0017873779001, received 2025-10-01, EIN 22-0770670, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.