Plan Ledger DOL Form 5500 · updated monthly

Brady Corporation401(k)

BRADY MATCHED 401(K) PLAN · MILWAUKEE, WI · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Brady Corporation reported $237,140 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $3,471 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 0.07%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 92nd-largest of 1,936 plans among Wisconsin employers on file, and the 773rd of 13,661 in manufacturing. In 2024, employees put in $2.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$342,379,362
Participants with balances2,658
Active participants1,688
Employer contributions$5,859,648
Employee contributions$14,406,219
Employer contribution per active participant$3,471
Average account balance$128,811
Benefits paid to participants$41,089,320
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$342.4M · 2,658 accts · $5.9M emplr
2023$309.5M · 2,651 accts · $5.6M emplr
2022$262.7M · 2,774 accts · $5.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$156,815
Investment management$52,500
Audit (IQPA)$27,825
Total administrative$237,140
The Brady Corporation 401(k) match · 2024
Employer contribution per active participant$3,471
Median for plans this size$4,294
2024$3,471 per active participant
2023$3,531 per active participant
2022$3,420 per active participant

Brady Corporation's 2024 employer contribution ran below the $4,294 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$156,815
FRANCIS INVESTMENT COUNSEL · Investment advisory (plan)$52,500
CLIFTONLARSONALLEN · Accounting / audit$27,825

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$237,140 · 0.07%
2023$202,154 · 0.07%
2022$282,312 · 0.10%
All plans at this employer2
BRADY MATCHED 401(K) PLAN401(k)
BRADY FUNDED RETIREMENT PLANMoney purchase plan
Same employer
Similar plansManufacturing · Wisconsin
The Manitowoc Company, Inc. WI$363.2M · 0.09%
Spectrum Brands, Inc. WI$350.0M · 0.17%
Rev Group, Inc. WI$349.6M · 0.13%
Generac Power Systems, Inc WI$343.6M · 0.14%
Great Northern Corporation WI$340.8M · 0.04%
Johnsonville, LLC WI$339.6M · 0.18%
Clarios, LLC WI$333.6M · 0.22%
Green Bay Packaging, Inc. WI$319.9M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390178960 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.