Blue Beacon, Inc. 401(k) Review & Grade
Blue Beacon, Inc. Profit Sharing/401(k) Plan
Salina, KSOther Services2,980 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,088Employer $ per active participant
$2,237Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$147.1MNet plan assets, end of year
$62,078Average balance per account
Score breakdown
- Employer generosity24.4 / 5049th percentile for employer $ per participant
- Low cost5.7 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1546th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Other Services plans with 2,500–9,999 active participants (42 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 23th |
| Employee saving | 46th |
| Peers that auto-enroll | 45% |
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Red flags from the filing
Corrective distributions: the plan refunded $360,047 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Blue Beacon put in about $1,088 per active participant, below the typical peer ($1,132). 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 (0.30% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $3,243,848 |
| Participant (employee) contributions | $6,668,228 |
| Other contributions (incl. rollovers in) | $137,635 |
| Administrative expenses paid from the plan | $422,025 |
| Investment advisory & management fees | $157,281 |
| Benefits paid out | $11,842,628 |
| Net assets, start / end of year | $132.1M / $147.1M |
| Active participants, start / end of year | 3,240 / 2,721 |
| Participants with account balances | 2,369 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kcoe Isom, LLP |
Largest service providers (Schedule C)
| Allen, Gibbs & Houlik, LC | $247,744 reported compensation |
| Two West | $79,564 reported compensation |
| Wells Fargo Advisors | $77,715 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013085755NAL0000417827001, received 2025-10-13, EIN 48-0843137, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.