2 critical issues
Bbu, Inc.
75-2490530· Horsham, PA· Fidelity· 2024 filing· vs 55 plans your size
C
0/100
Overall grade
Middle of the pack, with clear ways to do better.
B
Fees
B
Financial Wellness
D
Plan design
F
Compliance
Fees
Your plan pays around 3 bps of assets per year. Similar plans pay around 10 bps. Your plan is cheaper than about 84% of similar plans.
cheaper16th percentilepricier
Financial Wellness
Middle-of-the-pack savings. Employees put away $7,722/employee a year. That's about average for plans this size.
lower73th percentilehigher
Plan design
Good base, but no automatic enrollment. That's the top thing to add.
Employer match
The plan matches employee contributions, the single strongest driver of participation and savings.
Profit sharing
The employer also makes profit-sharing contributions on top of the match.
No automatic enrollment
Employees have to opt in themselves. Auto-enrollment is the easiest way to lift participation, and most newly started plans are now required to include it.
Safe harbor
Guaranteed employer contributions exempt the plan from annual IRS testing, so owners and higher earners can contribute the full limit.
Default investment (QDIA)
Employees who never pick investments land in a sensible default, usually a target-date fund, instead of cash.
No brokerage window
Employees can only invest through the plan's core fund menu. A brokerage window opens the wider market for people who want more control.
Compliance & health
2 critical issues on the latest filing. These need attention.
Failed IRS fairness test
The plan failed its annual IRS fairness test and had to refund contributions to higher-paid employees. A safe harbor design eliminates this problem entirely.
Required benefit distribution not paid
The plan failed to pay out benefits on time, which can carry penalties owed to the affected employees.
Fidelity bond below 10% of BOY assets, ERISA 412 violation
The reported ERISA fidelity bond is below the 10%-of-assets guideline based on beginning-of-year assets. Fast-growing plans can look under-bonded on paper; confirm against the plan's current bond coverage.
Failed to pay benefits
The plan failed to pay out benefits on time, which can carry penalties owed to the affected employees.
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Key insights
- Strongest area: fees. Your plan pays around 3 bps of assets per year. Similar plans pay around 10 bps. Your plan is cheaper than about 84% of similar plans.
- Best place to improve: compliance & health. 2 critical issues on the latest filing. These need attention.
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