Plan Ledger DOL Form 5500 · updated monthly

Brandt Holdings Company401(k)

BRANDT HOLDINGS COMPANY 401(K) PLAN · FARGO, ND · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Brandt Holdings Company reported $188,005 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $1,094 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 3 years on file its reported administrative ratio has held roughly steady near 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 28th-largest of 279 plans among North Dakota employers on file, and the 374th of 4,246 in wholesale trade. In 2024, employees put in $3.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$112,938,401
Participants with balances1,220
Active participants1,713
Employer contributions$1,874,151
Employee contributions$7,001,757
Employer contribution per active participant$1,094
Average account balance$92,572
Benefits paid to participants$9,989,285
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$112.9M · 1,220 accts · $1.9M emplr
2023$98.7M · 1,211 accts · $1.8M emplr
2022$81.8M · 1,083 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,736
Investment management$30,522
Trustee / custodial$130,747
Total administrative$188,005
The Brandt Holdings Company 401(k) match · 2024
Employer contribution per active participant$1,094
Median for plans this size$3,635
2024$1,094 per active participant
2023$899 per active participant
2022$849 per active participant

Brandt Holdings Company's 2024 employer contribution ran below the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$157,484
ALERUS INVESTMENT ADVISORS · Investment advisory (participants) · Investment advisory (plan)$30,522

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

Recordkeeper by year2
2024Alerus
2023Alerus

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Administrative cost history3
2024$188,005 · 0.18%
2023$161,690 · 0.18%
2022$159,431 · 0.17%
Same employer
Similar plansWholesale Trade · North Dakota
R.D. Offutt Company ND$592.0M · 0.14%
Butler Machinery Company ND$231.4M · 0.05%
Gooseneck Implement Company ND$49.1M · 0.41%
High Point Networks, LLC ND$20.8M · 0.49%
Minot Builders Supply Inc ND$12.2M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450428402 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.