Best Services Group, Inc. 401(k) Review & Grade
Best Services Group, Inc. Employee Savings and Profit Sharing Plan
Kernersville, NCTransportation & Warehousing670 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$706Employer $ per active participant
$3,209Employee $ saved per active participant
0.86%Direct admin cost, % of plan assets
$16.2MNet plan assets, end of year
$14,653Average balance per account
Score breakdown
- Employer generosity18.5 / 5037th percentile for employer $ per participant
- Low cost2.2 / 259th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1553th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 9th |
| Employee saving | 53th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($373 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,886 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Best Services Group put in about $706 per active participant, below the typical peer ($1,070). 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.
- Direct plan expenses (0.86% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $473,117 |
| Participant (employee) contributions | $2,151,805 |
| Other contributions (incl. rollovers in) | $110,253 |
| Administrative expenses paid from the plan | $133,604 |
| Contract administrator fees | $73,100 |
| Other admin expenses | $8,079 |
| Benefits paid out | $3,292,115 |
| Net assets, start / end of year | $14.9M / $16.2M |
| Active participants, start / end of year | 687 / 654 |
| Participants with account balances | 1,104 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Breslow Starling Forst Warner Boger |
Largest service providers (Schedule C)
| Voya Retirement Insurance and Annui | $73,100 reported compensation |
| MVP Plan Administrators, Inc. | $52,425 reported compensation |
| M Holding Securities | $27,985 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009075908NAL0010522784001, received 2025-10-09, EIN 56-1963536, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.