Build-A-Bear Workshop, Inc. 401(k) Review & Grade
Build-A-Bear Workshop, Inc. Employee Savings Trust
ST. Louis, MORetail Trade2,690 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$440Employer $ per active participant
$955Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$44.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity16.8 / 5034th percentile for employer $ per participant
- Low cost4.6 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 18th |
| Employee saving | 19th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($240,163 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Build-A-Bear Workshop put in about $440 per active participant, below the typical peer ($650). 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 (0.36% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,184,101 |
| Participant (employee) contributions | $2,569,136 |
| Other contributions (incl. rollovers in) | $336,720 |
| Administrative expenses paid from the plan | $143,653 |
| Investment advisory & management fees | $66,756 |
| Benefits paid out | $3,743,367 |
| Net assets, start / end of year | $36.5M / $44.0M |
| Active participants, start / end of year | 2,387 / 2,993 |
| Participants with account balances | 648 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Armanino, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $76,897 reported compensation |
| Wells Fargo Clearing Services LLC | $66,756 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251028121208NAL0017363154001, received 2025-10-28, EIN 43-1883836, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.