Geo. Byers Sons Holding, Inc. 401(k) Review & Grade
Geo. Byers Sons, 401(k) Plan
Columbus, OHRetail Trade770 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$698Employer $ per active participant
$5,291Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$50.4MNet plan assets, end of year
$49,247Average balance per account
Score breakdown
- Employer generosity23.9 / 5048th percentile for employer $ per participant
- Low cost10.4 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving12.7 / 1585th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 42th |
| Employee saving | 85th |
| 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
- Geo. Byers Sons Holding put in about $698 per active participant, below the typical peer ($743). 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.
- 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 | $537,398 |
| Participant (employee) contributions | $4,071,168 |
| Other contributions (incl. rollovers in) | $4,520 |
| Administrative expenses paid from the plan | $135,589 |
| Contract administrator fees | $135,589 |
| Benefits paid out | $2,375,432 |
| Net assets, start / end of year | $42.9M / $50.4M |
| Active participants, start / end of year | 789 / 750 |
| Participants with account balances | 1,024 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | PW Partners, LLC |
Largest service providers (Schedule C)
| Proaccount | $75,518 reported compensation |
| Nationwide | $21,502 reported compensation |
| PW Partners | $20,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918083942NAL0001617603001, received 2025-09-18, EIN 31-4139860, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.