Plan Ledger DOL Form 5500 · updated monthly

Bandini Enterprises, Inc.401(k)

BEI ENGINEERS 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Bandini Enterprises, Inc. reported $62,739 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $392 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 fell from 0.41% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 2,257th-largest of 5,688 plans among Texas employers on file, and 6,164th of 11,654 in professional & technical services. In 2024, employees put in $20.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,894,944
Participants with balances141
Active participants108
Employer contributions$42,333
Employee contributions$854,771
Employer contribution per active participant$392
Average account balance$119,822
Benefits paid to participants$2,979,357
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH+BROWN.PC
Plan history3
Yearassets · accounts · employer contribution
2024$16.9M · 141 accts · $42K emplr
2023$16.8M · 156 accts · $43K emplr
2022$15.3M · 170 accts · $42K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,739
Total administrative$62,739
The Bandini Enterprises, Inc. 401(k) match · 2024
Employer contribution per active participant$392
Median for plans this size$2,416
2024$392 per active participant
2023$394 per active participant
2022$362 per active participant

Bandini Enterprises, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$48,276
ECONOMIC GROUP PENSION SERVICES INC · Contract administrator$212
ECONOMIC GROUP PENSION SERVICES LLC · Contract administrator$50

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

Administrative cost history3
2024$62,739 · 0.37%
2023$57,408 · 0.36%
2022$68,198 · 0.41%
Same employer
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Lamb-Star Engineering, LLC TX$17.0M · 0.45%
Sourcehov Tax, LLC TX$17.0M · 0.47%
Rock Capital Holdings LLC TX$16.9M · 0.57%
M&S Engineering, LLC TX$16.6M · 0.17%
The Flippen Group, LLC TX$16.6M · 0.81%
Tanknology Inc. TX$16.6M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760267662 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.