Bhi Senior Living, Inc. 401(k) Review & Grade
Bhi Senior Living, Inc. Employee Retirement Plan
Indianapolis, INHealth Care & Social Assistance1,519 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,216Employer $ per active participant
$1,941Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$52.2MNet plan assets, end of year
$56,765Average balance per account
Score breakdown
- Employer generosity27.9 / 5056th percentile for employer $ per participant
- Low cost6.3 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1541th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 25th |
| Employee saving | 41th |
| Peers that auto-enroll | 36% |
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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 ($643,321 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Bhi Senior Living put in about $1,216 per active participant, more than the typical peer ($976). 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.
- 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 | $1,846,904 |
| Participant (employee) contributions | $2,948,222 |
| Other contributions (incl. rollovers in) | $84,171 |
| Administrative expenses paid from the plan | $183,693 |
| Investment advisory & management fees | $23,038 |
| Other admin expenses | $41,209 |
| Benefits paid out | $6,786,166 |
| Net assets, start / end of year | $26.9M / $52.2M |
| Active participants, start / end of year | 1,298 / 1,740 |
| Participants with account balances | 919 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante Moran |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $116,910 reported compensation |
| NFP Retirement Inc | $41,209 reported compensation |
| Empower Advisory Group, LLC | $23,038 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014130841NAL0001393987001, received 2025-10-14, EIN 35-0931432, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.