Eide Bailly LLP 401(k) Review & Grade
Eide Bailly LLP 401(k) Profit Sharing Plan
Fargo, NDProfessional, Scientific & Technical Services3,037 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,668Employer $ per active participant
$9,921Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$614.3MNet plan assets, end of year
$154,026Average balance per account
Score breakdown
- Employer generosity45.2 / 5090th percentile for employer $ per participant
- Low cost14.8 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1555th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 59th |
| Employee saving | 55th |
| Peers that auto-enroll | 47% |
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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
- Eide Bailly LLP put in about $8,668 per active participant, more than the typical peer ($2,951). 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 | $26,325,342 |
| Participant (employee) contributions | $30,131,096 |
| Other contributions (incl. rollovers in) | $21,178,317 |
| Administrative expenses paid from the plan | $531,254 |
| Investment advisory & management fees | $255,946 |
| Benefits paid out | $48,283,109 |
| Net assets, start / end of year | $511.4M / $614.3M |
| Active participants, start / end of year | 2,920 / 3,154 |
| Participants with account balances | 3,988 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Alerus Financial, N.A. | $275,309 reported compensation |
| Symmetry Partners, LLC | $255,946 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926083518NAL0003902499001, received 2025-09-26, EIN 45-0250958, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.