Boundless Enterprises, LLC 401(k) Review & Grade
Boundless Enterprises, LLC 401(k) Plan
Omaha, NEAccommodation & Food Services578 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,303Employer $ per active participant
$4,986Employee $ saved per active participant
1.02%Direct admin cost, % of plan assets
$16.4MNet plan assets, end of year
$25,954Average balance per account
Score breakdown
- Employer generosity48.4 / 5097th percentile for employer $ per participant
- Low cost1.5 / 256th percentile for low admin cost vs. same-size plans
- Employee saving14.5 / 1597th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 6th |
| Employee saving | 97th |
| Peers that auto-enroll | 17% |
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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
- Boundless Enterprises put in about $2,303 per active participant, more than the typical peer ($266). 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.
- Direct plan expenses (1.02% 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 | $1,331,053 |
| Participant (employee) contributions | $2,881,706 |
| Other contributions (incl. rollovers in) | $559,526 |
| Administrative expenses paid from the plan | $144,009 |
| Contract administrator fees | $144,009 |
| Benefits paid out | $1,919,766 |
| Net assets, start / end of year | $11.8M / $16.4M |
| Active participants, start / end of year | 579 / 577 |
| Participants with account balances | 632 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lutz & Company |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $125,228 reported compensation |
| Principal Securities Inc | $62,046 reported compensation |
| Omnia Paratus LLC | $25,484 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929130923NAL0013891200001, received 2025-09-29, EIN 16-1778512, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.