Butler Snow LLP 401(k) Review & Grade
Butler Snow Retirement Savings Plan
Ridgeland, MSProfessional, Scientific & Technical Services599 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$18,193Employer $ per active participant
$11,541Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$299.4MNet plan assets, end of year
$358,613Average balance per account
Score breakdown
- Employer generosity49.6 / 5099th percentile for employer $ per participant
- Low cost20.7 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score81 / 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 | 99th |
| Lower admin cost | 83th |
| Employee saving | 71th |
| Peers that auto-enroll | 48% |
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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
- Butler Snow LLP put in about $18,193 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.
- 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 | $10,897,431 |
| Participant (employee) contributions | $6,913,287 |
| Other contributions (incl. rollovers in) | $232,385 |
| Administrative expenses paid from the plan | $185,297 |
| Investment advisory & management fees | $185,297 |
| Benefits paid out | $16,446,666 |
| Net assets, start / end of year | $262.8M / $299.4M |
| Active participants, start / end of year | – / 599 |
| Participants with account balances | 835 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bmss, LLC |
Largest service providers (Schedule C)
| Fiducient Advisors LLC | $83,047 reported compensation |
| Vanguard | $82,758 reported compensation |
| Bmss | $8,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015101931NAL0002134595004, received 2025-10-15, EIN 64-0331849, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.