Plan Ledger DOL Form 5500 · updated monthly

Braswell Milling Company, Inc.401(k)

BRASWELL FAMILY FARMS 401(K) PLAN · NASHVILLE, NC · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Braswell Milling Company, Inc. reported $78,178 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $14,803 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 0.43%. 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 751st-largest of 2,005 plans among North Carolina employers on file, and the 6,011th of 13,661 in manufacturing. In 2024, the employer put in $3.14 for every $1.00 employees contributed themselves; active participation has grown from 104 to 125 since 2022.

Plan summary
Net assets, end of year$19,553,130
Participants with balances168
Active participants125
Employer contributions$1,850,406
Employee contributions$588,823
Employer contribution per active participant$14,803
Average account balance$116,388
Benefits paid to participants$1,671,540
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.6M · 168 accts · $1.9M emplr
2023$16.7M · 150 accts · $269K emplr
2022$15.9M · 148 accts · $748K emplr
The Braswell Milling Company, Inc. 401(k) match · 2024
Employer contribution per active participant$14,803
Median for plans this size$2,416
2024$14,803 per active participant
2023$2,668 per active participant
2022$7,197 per active participant

Braswell Milling Company, Inc.'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 · 20243
STANLEY BENEFIT SERVICES · Recordkeeping · Consulting$20,123
FUND DIRECT ADVISORS · Investment advisory (plan) · Investment advisory (participants)$21,420
STIFEL INVESTMENT SERVICES · Investment advisory (plan)$16,937

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

Recordkeeper by year2
2024STANLEY BENEFIT SERVICES
2023STANLEY BENEFIT SERVICES

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$78,178 · 0.43%
2023$68,530 · 0.42%
2022$72,068 · 0.42%
Same employer
Similar plansManufacturing · North Carolina
Daramic, LLC NC$19.9M · 0.08%
Allen Industries, Inc NC$19.6M · 0.27%
Joerns, LLC NC$19.5M · 0.83%
Humacyte Global, Inc. NC$19.3M · 0.02%
McMurray Fabrics, Inc NC$19.2M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560812535 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.