Plan Ledger DOL Form 5500 · updated monthly

Bfs, Inc.401(k)

PROFIT SHARING PLAN OF BFS, INC. · HONOLULU, HI · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Bfs, Inc. reported $44,929 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $577 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 0.13% to 0.14%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 79th-largest of 269 plans among Hawaii employers on file, and the 973rd of 5,215 in retail trade. In 2024, employees put in $3.42 for every $1.00 the employer contributed; active participation has grown from 460 to 626 since 2022.

Plan summary
Net assets, end of year$32,192,728
Participants with balances440
Active participants626
Employer contributions$361,350
Employee contributions$1,235,750
Employer contribution per active participant$577
Average account balance$73,165
Benefits paid to participants$3,581,582
Plan auditUnmodified (clean) audit opinion
AuditorN&K CPAS, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$32.2M · 440 accts · $361K emplr
2023$30.2M · 469 accts · $864K emplr
2022$24.2M · 431 accts · $677K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,519
Investment management$7,410
Total administrative$44,929
The Bfs, Inc. 401(k) match · 2024
Employer contribution per active participant$577
Median for plans this size$2,416
2024$577 per active participant
2023$1,811 per active participant
2022$1,472 per active participant

Bfs, 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$37,519
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$7,410

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$44,929 · 0.14%
2023$61,131 · 0.22%
2022$34,970 · 0.13%
Similar plansRetail Trade · Hawaii
Tony Hawaii, LLC HI$37.4M · 0.31%
C.S. Wo & Sons, LLC HI$33.5M · 0.39%
Food Pantry, LTD. HI$32.4M · 0.12%
NA Hoku, Inc. HI$31.4M · 0.05%
Seven-Eleven Hawaii, Inc. HI$24.2M · 0.39%
Shelton Holdings, LLC HI$23.7M · 0.44%
Cutter Management Co. HI$20.2M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 990181311 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.