Bilinguals Inc 401(k) Review & Grade
Bilinguals Inc. Retirement Plan
Melville, NYHealth Care & Social Assistance768 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$146Employer $ per active participant
$1,590Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$15.4MNet plan assets, end of year
$23,008Average balance per account
Score breakdown
- Employer generosity9.3 / 5019th percentile for employer $ per participant
- Low cost10.5 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving5.2 / 1535th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score32 / 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 | 19th |
| Lower admin cost | 42th |
| Employee saving | 35th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,994 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bilinguals put in about $146 per active participant, below the typical peer ($976). 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.
- 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.
- 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 | $112,265 |
| Participant (employee) contributions | $1,220,167 |
| Other contributions (incl. rollovers in) | $246,569 |
| Administrative expenses paid from the plan | $39,772 |
| Contract administrator fees | $39,772 |
| Benefits paid out | $529,934 |
| Net assets, start / end of year | $12.4M / $15.4M |
| Active participants, start / end of year | 975 / 560 |
| Participants with account balances | 669 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cerini & Associates, LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $43,047 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729115955NAL0002708177001, received 2025-07-29, EIN 11-3257484, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.