BFG Supply Co., LLC 401(k) Review & Grade
Burton Flower & Garden, Inc. 401(k) Profit Sharing Plan
Burton, OHAgriculture, Forestry, Fishing & Hunting630 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,189Employer $ per active participant
$4,221Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$40.9MNet plan assets, end of year
$101,287Average balance per account
Score breakdown
- Employer generosity28.6 / 5057th percentile for employer $ per participant
- Low cost6.4 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1575th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 26th |
| Employee saving | 75th |
| Peers that auto-enroll | 36% |
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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
- BFG Supply Co. put in about $1,189 per active participant, more than the typical peer ($774). 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.
- Direct plan expenses (0.46% 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.
- 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 | $749,738 |
| Participant (employee) contributions | $2,661,111 |
| Other contributions (incl. rollovers in) | $1,103,479 |
| Administrative expenses paid from the plan | $172,980 |
| Contract administrator fees | $111,798 |
| Investment advisory & management fees | $61,182 |
| Benefits paid out | $2,679,043 |
| Net assets, start / end of year | $34.3M / $40.9M |
| Active participants, start / end of year | 602 / 659 |
| Participants with account balances | 404 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bober, Markey, Fedorovich & Company |
Largest service providers (Schedule C)
| Stancorp Financial Group | $112,065 reported compensation |
| Wells Fargo Advisors, LLC | $61,182 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001162155NAL0018047459001, received 2025-10-01, EIN 35-2116660, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.