Plan Ledger DOL Form 5500 · updated monthly

Branding Iron Holdings401(k)

BRANDING IRON HOLDINGS RETIREMENT SAVINGS PLAN · ROCHESTER, MN · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Branding Iron Holdings reported $126,759 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $1,997 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 0.34% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 629th-largest of 1,918 plans among Minnesota employers on file, and the 4,106th of 13,661 in manufacturing. In 2024, employees put in $1.88 for every $1.00 the employer contributed; active participation has shrunk from 742 to 635 since 2022.

Plan summary
Net assets, end of year$34,104,759
Participants with balances698
Active participants635
Employer contributions$1,268,126
Employee contributions$2,382,649
Employer contribution per active participant$1,997
Average account balance$48,861
Benefits paid to participants$7,093,501
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$34.1M · 698 accts · $1.3M emplr
2023$33.1M · 857 accts · $1.3M emplr
2022$28.0M · 922 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$80,102
Investment management$46,657
Total administrative$126,759
The Branding Iron Holdings 401(k) match · 2024
Employer contribution per active participant$1,997
Median for plans this size$2,416
2024$1,997 per active participant
2023$1,816 per active participant
2022$1,592 per active participant

Branding Iron Holdings's 2024 employer contribution ran below the $2,416 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 · 20242
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$116,347
SIKICH CAPITAL MANAGEMENT · Investment advisory (plan)$46,657

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

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Branding Iron Holdings 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$126,759 · 0.38%
2023$90,471 · 0.30%
2022$100,997 · 0.34%
Similar plansManufacturing · Minnesota
Park Industries, Inc. MN$35.5M · 0.40%
Edco Products, Incorporated MN$34.8M · 0.14%
Nuaire, Inc. MN$34.3M · 0.23%
Nordic Fiberglass, Inc. MN$33.7M · 0.01%
Impressions, Inc MN$33.6M · 0.24%
Computype, Inc. MN$33.3M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260648944 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.