Bi Worldwide 401(k) Review & Grade
Bi Worldwide Savings Plan
Edina, MNOther Services1,086 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$11,488Employer $ per active participant
$11,003Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$299.7MNet plan assets, end of year
$243,258Average balance per account
Score breakdown
- Employer generosity49.2 / 5098th percentile for employer $ per participant
- Low cost21.2 / 2585th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score85 / 100 · Grade A
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 85th |
| Employee saving | 96th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Corrective distributions: the plan refunded $238 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bi Worldwide put in about $11,488 per active participant, more than the typical peer ($1,257). 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.
- 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 | $12,481,543 |
| Participant (employee) contributions | $11,955,228 |
| Other contributions (incl. rollovers in) | $1,899,085 |
| Administrative expenses paid from the plan | $165,595 |
| Investment advisory & management fees | $7,513 |
| Other admin expenses | $25,323 |
| Benefits paid out | $27,059,435 |
| Net assets, start / end of year | $262.7M / $299.7M |
| Active participants, start / end of year | 1,097 / 1,076 |
| Participants with account balances | 1,232 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Boulay Pllp |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $45,503 reported compensation |
| Boulay Pllp | $24,500 reported compensation |
| Cook Street Consulting Inc | $5,554 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008170020NAL0003162547001, received 2025-10-08, EIN 41-0688799, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.