Plan Ledger DOL Form 5500 · updated monthly

Bgi LLC401(k)

BGI LLC 401K AND PROFIT SHARING PLAN · MOUNT PLEASANT, SC · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Bgi LLC reported $128,351 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $3,517 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 3 years on file its reported administrative ratio has held roughly steady near 0.374%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 160th-largest of 807 plans among South Carolina employers on file, and the 489th of 2,677 in transportation & warehousing. In 2024, employees put in $2.18 for every $1.00 the employer contributed; active participation has grown from 253 to 281 since 2022.

Plan summary
Net assets, end of year$35,840,665
Participants with balances326
Active participants281
Employer contributions$988,288
Employee contributions$2,149,676
Employer contribution per active participant$3,517
Average account balance$109,941
Benefits paid to participants$5,141,211
Plan auditUnmodified (clean) audit opinion
AuditorBAILEY & HINSKE, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$35.8M · 326 accts · $988K emplr
2023$32.8M · 309 accts · $866K emplr
2022$27.1M · 293 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$128,351
Total administrative$128,351
The Bgi LLC 401(k) match · 2024
Employer contribution per active participant$3,517
Median for plans this size$2,416
2024$3,517 per active participant
2023$3,292 per active participant
2022$4,249 per active participant

Bgi LLC's 2024 employer contribution ran above the $2,416 median for plans its size. 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$128,514
RAYMOND JAMES & ASSOCIATES, INC · Investment advisory (plan)indirect comp
PENTEC PENSION MANAGEMENT · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)indirect comp

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$128,351 · 0.37%
2023$118,983 · 0.40%
2022$105,323 · 0.37%
Similar plansTransportation & Warehousing · South Carolina
Colinx SC$51.2M · 0.13%
Stevens Towing Co., Inc. SC$11.3M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260031861 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.