Big Geyser Inc. 401(k) Review & Grade
Big Geyser Inc. 401(k) Plan
Maspeth, NYWholesale Trade630 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$849Employer $ per active participant
$3,578Employee $ saved per active participant
0.61%Direct admin cost, % of plan assets
$17.2MNet plan assets, end of year
$32,396Average balance per account
Score breakdown
- Employer generosity9.2 / 5018th percentile for employer $ per participant
- Low cost4.3 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 17th |
| Employee saving | 32th |
| Peers that auto-enroll | 53% |
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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
- Big Geyser put in about $849 per active participant, below the typical peer ($1,792). 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 (0.61% 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 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 | $535,488 |
| Participant (employee) contributions | $2,256,005 |
| Other contributions (incl. rollovers in) | $596,355 |
| Administrative expenses paid from the plan | $94,774 |
| Contract administrator fees | $67,544 |
| Investment advisory & management fees | $25,660 |
| Other admin expenses | $1,570 |
| Benefits paid out | $1,644,581 |
| Net assets, start / end of year | $14.0M / $17.2M |
| Active participants, start / end of year | 611 / 650 |
| Participants with account balances | 532 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lilling & Company LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $67,544 reported compensation |
| Northwestern Mutual Wealth Mgmt | $25,667 reported compensation |
| Northwestern Mutual Investment Serv | $13,319 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250603142011NAL0007675331001, received 2025-06-03, EIN 13-3350407, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.