Boys and Girls Clubs of Ne FL 401(k) Review & Grade
Boys and Girls Clubs of Northeast Florida 401k Plan
Jacksonville, FLHealth Care & Social Assistance518 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$925Employer $ per active participant
$1,112Employee $ saved per active participant
1.33%Direct admin cost, % of plan assets
$2.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity24.4 / 5049th percentile for employer $ per participant
- Low cost0.9 / 253th percentile for low admin cost vs. same-size plans
- Employee saving3.7 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
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 | 49th |
| Lower admin cost | 3th |
| Employee saving | 24th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Boys and Girls Clubs of Ne FL put in about $925 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.
- Direct plan expenses (1.33% 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.
- 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 | $479,142 |
| Participant (employee) contributions | $575,827 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $29,784 |
| Benefits paid out | $536,759 |
| Net assets, start / end of year | $1.9M / $2.6M |
| Active participants, start / end of year | 547 / 489 |
| Participants with account balances | 115 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250731080355NAL0005720881001, received 2025-07-31, EIN 59-6167630, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.