Plan Ledger DOL Form 5500 · updated monthly

Breitling USA, Inc.401(k)

BREITLING USA, INC. EMPLOYEE SAVINGS PLAN · WILTON, CT · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Breitling USA, Inc. reported $60,171 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $2,418 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 0.08% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Connecticut (606th of 1,106), and 2,243rd of 4,246 in wholesale trade. In 2024, employees put in $1.72 for every $1.00 the employer contributed; active participation has grown from 179 to 266 since 2022.

Plan summary
Net assets, end of year$16,256,804
Participants with balances344
Active participants266
Employer contributions$643,111
Employee contributions$1,103,966
Employer contribution per active participant$2,418
Average account balance$47,258
Benefits paid to participants$2,245,007
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.3M · 344 accts · $643K emplr
2023$14.7M · 283 accts · $540K emplr
2022$11.7M · 239 accts · $462K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,496
Investment management$34,675
Total administrative$60,171
The Breitling USA, Inc. 401(k) match · 2024
Employer contribution per active participant$2,418
Median for plans this size$2,416
2024$2,418 per active participant
2023$2,689 per active participant
2022$2,582 per active participant

Breitling USA, Inc.'s 2024 employer contribution ran above 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
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$34,675
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$25,496

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

Administrative cost history3
2024$60,171 · 0.39%
2023$61,682 · 0.47%
2022$10,439 · 0.08%
Similar plansWholesale Trade · Connecticut
Kinsley Group, Inc. CT$18.4M · 0.81%
Thurston Foods, Inc. CT$18.1M · 0.11%
Drew Marine USA, Inc. CT$17.8M · 0.02%
Dichello Distributors, Inc. CT$16.7M · 0.24%
Slocum & Sons, Inc. CT$12.1M · 0.04%
Microcare, LLC CT$11.6M · 0.37%
TM3 Systems Inc CT$9.1M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061275901 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.