BH Management Services, LLC 401(k) Review & Grade
BH Management 401(k) Plan
Des Moines, IAReal Estate & Rental2,642 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,609Employer $ per active participant
$3,501Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$58.7MNet plan assets, end of year
$20,516Average balance per account
Score breakdown
- Employer generosity31.6 / 5063th percentile for employer $ per participant
- Low cost4.7 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1555th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Real Estate & Rental plans with 2,500–9,999 active participants (50 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 19th |
| Employee saving | 55th |
| Peers that auto-enroll | 46% |
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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
- BH Management Services put in about $1,609 per active participant, more than the typical peer ($1,141). 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 (0.35% of assets) are well above similar-size plans (0.12%). 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 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 | $4,252,970 |
| Participant (employee) contributions | $9,250,437 |
| Other contributions (incl. rollovers in) | $585,212 |
| Administrative expenses paid from the plan | $184,643 |
| Contract administrator fees | $184,643 |
| Benefits paid out | $9,373,365 |
| Net assets, start / end of year | $47.0M / $58.7M |
| Active participants, start / end of year | 2,650 / 2,635 |
| Participants with account balances | 2,863 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $203,918 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010074909NAL0012100080001, received 2025-10-10, EIN 45-5431553, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.