Plan Ledger DOL Form 5500 · updated monthly

Barrick Gold of North America, Inc.401(k)

BARRICK RETIREMENT PLAN · ELKO, NV · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Barrick Gold of North America, Inc. reported $1,117,878 in plan administrative expenses for 2024: 0.09% of average plan assets, higher than ~75% of peers. Employer contributions averaged $9,412 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 0.10% to 0.09%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 3rd-largest of 437 plans among Nevada employers on file, and the 10th of 612 in mining, oil & gas extraction. In 2024, employees put in $1.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,341,794,728
Participants with balances8,779
Active participants7,384
Employer contributions$69,496,130
Employee contributions$70,343,614
Employer contribution per active participant$9,412
Average account balance$152,841
Benefits paid to participants$163,732,477
Plan auditUnmodified (clean) audit opinion
AuditorSQUIRE & COMPANY, PC
Plan history3
Yearassets · accounts · employer contribution
2024$1.3B · 8,779 accts · $69.5M emplr
2023$1.2B · 8,533 accts · $64.9M emplr
2022$1.0B · 8,215 accts · $60.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$421,508
Investment management$681,020
Audit (IQPA)$15,350
Total administrative$1,117,878
The Barrick Gold of North America, Inc. 401(k) match · 2024
Employer contribution per active participant$9,412
Median for plans this size$5,259
2024$9,412 per active participant
2023$8,853 per active participant
2022$8,625 per active participant

Barrick Gold of North America, Inc.'s 2024 employer contribution ran above the $5,259 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$469,727
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$421,508
SQUIRE & COMPANY, PC · Accounting / audit$15,350

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$1,117,878 · 0.09%
2023$983,829 · 0.09%
2022$1,113,106 · 0.10%
Same employer
Similar plansMining, Oil & Gas Extraction · Nevada
Energy Transfer LP TX$2.8B · 0.05%
Freeport-McMoran Inc. AZ$2.7B · 0.01%
Vulcan Materials Company AL$1.7B · 0.17%
Eog Resources, Inc. TX$1.3B · 0.02%
Devon Energy Corporation OK$1.1B · 0.05%
Transocean Inc. $942.7M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 980065088 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.