Brake Parts Inc LLC401(k)
BRAKE PARTS INC LLC 401(K) PLAN · CLEVELAND, OH · plan year 2023
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Brake Parts Inc LLC reported $184,785 in plan administrative expenses for 2023: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 1 year on file its reported administrative ratio fell from 0.61% to 0.53%. 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 850th-largest of 3,295 plans among Ohio employers on file, and the 3,946th of 13,661 in manufacturing. active participation has grown from 1,038 to 1,267 since 2022.
Brake Parts Inc LLC'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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 061248287 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.