Plan Ledger DOL Form 5500 · updated monthly

Bai Inc401(k)

BAI, INC. 401(K) RETIREMENT PLAN · ALEXANDRIA, VA · plan year 2023

Reported admin expense ratio · 2023
0.08%

Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works

Bai Inc reported $20,165 in plan administrative expenses for 2023: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,408 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.03% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 822nd-largest of 2,266 plans among Virginia employers on file, and the 4,601st of 11,654 in professional & technical services. In 2023, employees put in $1.70 for every $1.00 the employer contributed; active participation has shrunk from 68 to 50 since 2022.

Plan summary
Net assets, end of year$26,145,715
Participants with balances258
Active participants50
Employer contributions$320,385
Employee contributions$545,075
Employer contribution per active participant$6,408
Average account balance$101,340
Benefits paid to participants$2,232,113
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.5M · 257 accts · $633K emplr
2023$26.1M · 258 accts · $320K emplr
2022$22.8M · 165 accts
The Bai Inc 401(k) match · 2023
Employer contribution per active participant$6,408
Median for plans this size$2,440
2024$14,068 per active participant
2023$6,408 per active participant

Bai Inc's 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
T. ROWE PRICE TRUST COMPANY · Recordkeeping · Investment management$20,165
VANGUARD GROUP · Investment managementindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$21,965 · 0.08%
2023$20,165 · 0.08%
2022$6,780 · 0.03%
Similar plansProfessional & Technical Services · Virginia
Anavation LLC VA$26.3M · 0.02%
GP3 Partners, LLC VA$26.3M · 0.25%
Prism Maritime, LLC VA$26.2M · 0.61%
Assyst, Inc. VA$26.2M · 0.01%
Sequoia Holdings LLC VA$25.9M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541926750 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.