Blackrock, Inc. 401(k) Review & Grade
Blackrock Retirement Savings Plan
New York, NYFinance & Insurance8,975 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$17,029Employer $ per active participant
$17,766Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$4.8BNet plan assets, end of year
$333,798Average balance per account
Score breakdown
- Employer generosity49.5 / 5099th percentile for employer $ per participant
- Low cost25.0 / 25100th percentile for low admin cost vs. same-size plans
- Employee saving14.6 / 1597th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score96 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 100th |
| Employee saving | 97th |
| Peers that auto-enroll | 66% |
Red flags from the filing
Corrective distributions: the plan refunded $2,106 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Blackrock put in about $17,029 per active participant, more than the typical peer ($4,489). 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.
- 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 | $152,838,160 |
| Participant (employee) contributions | $159,446,682 |
| Other contributions (incl. rollovers in) | $22,141,159 |
| Administrative expenses paid from the plan | $7,950 |
| Other admin expenses | $7,950 |
| Benefits paid out | $294,156,586 |
| Net assets, start / end of year | $4.1B / $4.8B |
| Active participants, start / end of year | 9,068 / 8,882 |
| Participants with account balances | 14,259 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte & Touche LLP |
| Employer stock held by plan | $86,509,797 |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $10,003 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015171845NAL0002694883001, received 2025-10-15, EIN 99-1116001, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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