Buchanan Ingersoll & Rooney PC 401(k) Review & Grade
Buchanan Ingersoll & Rooney PC Retirement Savings Plan
Pittsburgh, PAProfessional, Scientific & Technical Services792 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$13,741Employer $ per active participant
$11,957Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$484.1MNet plan assets, end of year
$372,130Average balance per account
Score breakdown
- Employer generosity48.2 / 5096th percentile for employer $ per participant
- Low cost22.0 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving10.9 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score88 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 88th |
| Employee saving | 73th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $116 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Buchanan Ingersoll & Rooney put in about $13,741 per active participant, more than the typical peer ($3,082). 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 | $10,875,725 |
| Participant (employee) contributions | $9,463,654 |
| Other contributions (incl. rollovers in) | $864,652 |
| Administrative expenses paid from the plan | $220,527 |
| Contract administrator fees | $4,000 |
| Investment advisory & management fees | $116,697 |
| Benefits paid out | $37,763,095 |
| Net assets, start / end of year | $424.1M / $484.1M |
| Active participants, start / end of year | 790 / 793 |
| Participants with account balances | 1,301 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Catanese Group |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $87,384 reported compensation |
| Guyasuta Investment Advisros I | $34,196 reported compensation |
| Global Retirement Partners LLC | $33,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013144028NAL0001444737001, received 2025-10-13, EIN 25-1381032, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.