Bain 401(k) match, vesting and fees
What Bain's 401(k) plan says about matching contributions
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Match vesting | Participants are immediately vested in their deferral contributions, Employer contributions and rollover contributions, plus actual earnings thereon. | Audit report, p. 31 ↗ |
| Automatic enrollment | The Plan has an automatic deferral of 6% into a default investment fund, unless an alternative election is made within approximately 15 business days after their date of hire. An additional deferral of 1% will be added to automatically enrolled participants’ accounts annually, not to exceed a total deferral percentage of 25%. | Audit report, p. 30 ↗ |
| Roth contributions | Participants may defer up to 50% of their eligible annual compensation to the Plan as pre-tax, Roth, or after-tax contributions, subject to dollar limits set by Federal law. | Audit report, p. 30 ↗ |
| Loans | Participants may borrow a minimum of $500 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. Loan terms range from one to five years (or up to ten years for the purchase of a primary residence). A participant is allowed a maximum of two loans at a time (one personal and one primary residence). The loans are secured by the balance in the Participant’s account and bear interest at a rate commensurate with local prevailing rates, as determined by the Plan administrator. | Audit report, p. 32 ↗ |
| Recordkeeper | Vanguard Group Inc | Schedule C ↗ |
| Independent auditor | Cbiz Cpas P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 94 defined-contribution plans in professional, scientific, and technical services with 10,000 to 49,999 participants.
| Bain: employer contribution per participant | $7,841 | |
| Peer median | $2,636 |
| Bain: average balance | $232,923 | |
| Peer median | $138,100 |
| Bain: admin expenses ÷ assets | 0.03% | |
| Peer median | 0.05% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $2B at the end of plan year 2023 to $2.4B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 10,497 | $2.4B | $82.2M | $7,841 | 0.03% | Not published | Form 5500 ↗ |
| 2023 | 10,395 | $2B | $78.1M | $7,521 | 0.03% | Not published | Form 5500 ↗ |
Common questions
Does Bain match 401(k) contributions?
The match terms for the Bain and Company, Inc. 401k Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $82.2M in employer contributions, about $7,841 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Bain 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 31 says: “Participants are immediately vested in their deferral contributions, Employer contributions and rollover contributions, plus actual earnings thereon.”
Who manages the Bain 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Vanguard Group Inc. The plan administrator is Bain and Company, Inc..
I left Bain. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Bain and Company, Inc., (312) 541-9500) or the recordkeeper, Vanguard Group Inc. The Bain old 401(k) page lists the contacts from every plan filing. Find an old Bain 401(k)
Data from the public Form 5500 annual reports Bain filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Bain. Not financial advice. Report a correction · Methodology