Plan Ledger DOL Form 5500 · updated monthly

Brain Corporation401(k)

BRAIN CORPORATION 401K PLAN · SAN DIEGO, CA · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Brain Corporation reported $53,258 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $5,634 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 0.24% to 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 2,741st-largest of 9,483 plans among California employers on file, and the 4,283rd of 11,654 in professional & technical services. In 2024, employees put in $2.06 for every $1.00 the employer contributed; active participation has grown from 206 to 241 since 2022.

Plan summary
Net assets, end of year$29,042,503
Participants with balances360
Active participants241
Employer contributions$1,357,764
Employee contributions$2,803,425
Employer contribution per active participant$5,634
Average account balance$80,674
Benefits paid to participants$3,926,874
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.0M · 360 accts · $1.4M emplr
2023$24.1M · 352 accts · $1.2M emplr
2022$18.8M · 336 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,240
Investment management$9,018
Total administrative$53,258
The Brain Corporation 401(k) match · 2024
Employer contribution per active participant$5,634
Median for plans this size$2,416
2024$5,634 per active participant
2023$5,204 per active participant
2022$6,536 per active participant

Brain Corporation's 2024 employer contribution ran above the $2,416 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$44,240
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$9,018

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$53,258 · 0.20%
2023$49,691 · 0.23%
2022$46,813 · 0.24%
Same employer
Similar plansProfessional & Technical Services · California
Wayne Perry, Inc. CA$29.1M · 0.10%
Cytomx Therapeutics Inc. CA$29.1M · 0.04%
Owl Companies CA$29.1M · 0.47%
Acorns Grow, Inc. CA$28.9M · 0.06%
Harness Inc. CA$28.9M · 0.29%
Ligand Pharmaceuticals Inc. CA$28.9M · 0.01%
Pivot Bio CA$28.8M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264531781 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.