Plan Ledger DOL Form 5500 · updated monthly

Bradford Company401(k)

BRADFORD COMPANY RETIREMENT SAVINGS PLAN · HOLLAND, MI · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Bradford Company reported $84,198 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $2,443 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 0.19% to 0.16%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 468th-largest of 2,619 plans among Michigan employers on file, and the 2,861st of 13,661 in manufacturing. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has grown from 357 to 416 since 2022.

Plan summary
Net assets, end of year$57,027,474
Participants with balances442
Active participants416
Employer contributions$1,016,202
Employee contributions$1,973,291
Employer contribution per active participant$2,443
Average account balance$129,021
Benefits paid to participants$1,929,585
Plan auditUnmodified (clean) audit opinion
AuditorHUNGERFORD
Plan history3
Yearassets · accounts · employer contribution
2024$57.0M · 442 accts · $1.0M emplr
2023$49.5M · 368 accts · $1.1M emplr
2022$37.2M · 302 accts · $857K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,000
Investment management$32,998
Audit (IQPA)$6,200
Total administrative$84,198
The Bradford Company 401(k) match · 2024
Employer contribution per active participant$2,443
Median for plans this size$3,635
2024$2,443 per active participant
2023$2,522 per active participant
2022$2,399 per active participant

Bradford Company's 2024 employer contribution ran below the $3,635 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$44,999
WELLS FARGO ADVISORS · Investment advisory (plan)$33,000
HUNGERFORD · Accounting / audit$6,200

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$84,198 · 0.16%
2023$89,529 · 0.21%
2022$83,492 · 0.19%
Same employer
Similar plansManufacturing · Michigan
Rco Engineering, Inc. MI$61.4M · 0.05%
Besser Company MI$61.3M · 0.00%
Trijicon, Inc. MI$60.3M · 0.02%
Ferndale Pharma Group, Inc. MI$56.3M · 0.15%
Wolverine Packing Company MI$56.1M · 0.09%
Horizon Global Corporation MI$55.8M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381903019 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.