Michael Baker International Holdco Corporation 401(k) Review & Grade
Michael Baker International 401(k) Plan
Pittsburgh, PAProfessional, Scientific & Technical Services3,703 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,616Employer $ per active participant
$12,334Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$933.4MNet plan assets, end of year
$165,123Average balance per account
Score breakdown
- Employer generosity36.3 / 5073th percentile for employer $ per participant
- Low cost22.5 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score76 / 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 | 73th |
| Lower admin cost | 90th |
| Employee saving | 71th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,677 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Michael Baker International Holdco put in about $4,616 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 | $17,092,226 |
| Participant (employee) contributions | $45,673,001 |
| Other contributions (incl. rollovers in) | $9,244,396 |
| Administrative expenses paid from the plan | $260,362 |
| Contract administrator fees | $126,953 |
| Investment advisory & management fees | $133,409 |
| Benefits paid out | $71,767,686 |
| Net assets, start / end of year | $813.0M / $933.4M |
| Active participants, start / end of year | 3,599 / 3,807 |
| Participants with account balances | 5,653 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US. LLP |
Largest service providers (Schedule C)
| Stancorp Financial Group | $551,523 reported compensation |
| Ubs Financial Services, Inc. | $133,409 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007152439NAL0002575235001, received 2025-10-07, EIN 25-0927646, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.