Plan Ledger DOL Form 5500 · updated monthly

Bradford Soap International, Inc.401(k)

BRADFORD SOAP INTL, INC. RETIREMENT SAVINGS & P/S PLAN · WEST WARWICK, RI · plan year 2023

Reported admin expense ratio · 2023
0.15%

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

Bradford Soap International, Inc. reported $30,668 in plan administrative expenses for 2023: 0.15% of average plan assets, below the peer median. Employer contributions averaged $1,324 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 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 121st-largest of 286 plans among Rhode Island employers on file, and the 5,657th of 13,661 in manufacturing. In 2023, employees put in $2.16 for every $1.00 the employer contributed; active participation has shrunk from 338 to 282 since 2022.

Plan summary
Net assets, end of year$21,478,049
Participants with balances193
Active participants282
Employer contributions$373,408
Employee contributions$807,578
Employer contribution per active participant$1,324
Average account balance$111,285
Benefits paid to participants$2,802,929
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.8M · 184 accts · $335K emplr
2023$21.5M · 193 accts · $373K emplr
2022$20.6M · 203 accts · $384K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$6,543
Investment management$23,813
Total administrative$30,668
The Bradford Soap International, Inc. 401(k) match · 2023
Employer contribution per active participant$1,324
Median for plans this size$2,440
2024$1,318 per active participant
2023$1,324 per active participant
2022$1,136 per active participant

Bradford Soap International, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRUDENTIAL RETIREMENT INSURANCE AND · Contract administrator · Recordkeeping$55,603
MMA SECURITIES LLC · Investment advisory (plan)$23,813

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left Bradford Soap International, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$67,659 · 0.35%
2023$30,668 · 0.15%
2022$29,916 · 0.13%
Similar plansManufacturing · Rhode Island
Alloy Holdings, LLC RI$27.9M · 0.44%
A.T. Cross Company LLC RI$21.8M · 0.19%
Atw Companies, Inc. RI$21.7M · 0.37%
Cooley, Incorporated RI$21.1M · 0.24%
Atrion, Inc. RI$16.0M · 0.43%
Tri-Mack Plastics Mfg Corp RI$15.3M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050495804 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.