Plan Ledger DOL Form 5500 · updated monthly

Branford Filtration, LLC dba Fibrix Filtration401(k)

FIBRIX FILTRATION 401K PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Branford Filtration, LLC dba Fibrix Filtration reported $58,861 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $366 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 0.21% to 0.65%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in North Carolina (1,031st of 2,005), and 8,232nd of 13,661 in manufacturing. In 2024, employees put in $4.66 for every $1.00 the employer contributed; active participation has grown from 128 to 382 since 2022.

Plan summary
Net assets, end of year$11,354,798
Participants with balances591
Active participants382
Employer contributions$139,624
Employee contributions$650,411
Employer contribution per active participant$366
Average account balance$19,213
Benefits paid to participants$3,332,424
Plan auditUnmodified (clean) audit opinion
AuditorAC CPA, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.4M · 591 accts · $140K emplr
2023$6.8M · 393 accts · $129K emplr
2022$1.1M · 89 accts · $53K emplr
The Branford Filtration, LLC dba Fibrix Filtration 401(k) match · 2024
Employer contribution per active participant$366
Median for plans this size$1,313
2024$366 per active participant
2023$431 per active participant
2022$414 per active participant

Branford Filtration, LLC dba Fibrix Filtration's 2024 employer contribution ran below the $1,313 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 · 202412
T. ROWE PRICE RPS, INC. · Recordkeeping · Trustee$58,861
FIDELITY · Investment managementindirect comp
PRUDENTIAL JENNISON · Investment managementindirect comp
PIMCO FUNDS · Investment managementindirect comp
AMERICAN FUNDS · Investment managementindirect comp
LOOMIS - SAYLES - NATIXIS - HANSBER · Investment managementindirect comp
VANGUARD GROUP · Investment managementindirect comp
TIAA-CREF · Investment managementindirect comp
IVY INVESTMENTS · Investment managementindirect comp
JP MORGAN FUNDS · Investment managementindirect comp
PUTNAM FUNDS · Investment managementindirect comp
EUROPACIFIC GROWTH FUND · Investment managementindirect comp

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

Recordkeeper by year2
2024T. Rowe Price
2023AMERICAN NEW WORLD R6, DELAWARE IVY MID CAP GRW R6, Fidelity, GREAT GRAY TR TRP RET 2005 TRR1, JPMORGAN GROWTH ADVANTAGE R6, LOOMIS SAYLES INVSMT GR BOND N, NUVEEN REAL ESTATE SEC SELECT R6, PGIM TOTAL RETURN BOND R6, PIMCO INCOME INST, PUTNAM SMALL CAP GROWTH R6, T. Rowe Price, Vanguard

This plan has changed recordkeepers within these filings. If you left Branford Filtration, LLC dba Fibrix Filtration 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$58,861 · 0.65%
2023$23,695 · 0.60%
2022$2,375 · 0.21%
Same employer
Similar plansManufacturing · North Carolina
Godwin Manufacturing, Inc. NC$12.2M · 0.58%
Caesarstone USA, Inc. NC$12.1M · 0.10%
Smt, Inc. NC$12.0M · 0.72%
Gaia Herbs, Inc. NC$11.7M · 0.12%
Bekaertdeslee USA Inc. NC$11.2M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 852075925 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.