Blox LLC 401(k) Review & Grade
Blox, LLC 401(k) Plan
Bessemer, ALConstruction648 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,519Employer $ per active participant
$2,370Employee $ saved per active participant
0.74%Direct admin cost, % of plan assets
$9.8MNet plan assets, end of year
$14,139Average balance per account
Score breakdown
- Employer generosity22.9 / 5046th percentile for employer $ per participant
- Low cost2.9 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1528th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 12th |
| Employee saving | 28th |
| Peers that auto-enroll | 44% |
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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
- Blox put in about $1,519 per active participant, below the typical peer ($1,672). 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 (0.74% 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 | $983,820 |
| Participant (employee) contributions | $1,534,641 |
| Other contributions (incl. rollovers in) | $426,100 |
| Administrative expenses paid from the plan | $61,580 |
| Contract administrator fees | $61,580 |
| Benefits paid out | $1,121,574 |
| Net assets, start / end of year | $6.8M / $9.8M |
| Active participants, start / end of year | 635 / 660 |
| Participants with account balances | 690 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Black & Pinckard, LLC |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $61,580 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251126103704NAL0004586241001, received 2025-11-26, EIN 61-1652553, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.