Plan Ledger DOL Form 5500 · updated monthly

Brenk Brothers, Inc401(k)

BRENK BROTHERS, INC. 401(K) PLAN RETIREMENT PLAN · FRIDLEY, MN · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Brenk Brothers, Inc reported $37,265 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $1,579 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 fell from 0.25% to 0.23%. 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 among the smaller plans on file in Minnesota (969th of 1,918), and the 6,409th of 13,661 in manufacturing. In 2024, employees put in $4.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,726,622
Participants with balances158
Active participants136
Employer contributions$214,750
Employee contributions$867,431
Employer contribution per active participant$1,579
Average account balance$112,194
Benefits paid to participants$1,087,306
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.7M · 158 accts · $215K emplr
2023$15.2M · 160 accts · $197K emplr
2022$12.4M · 166 accts · $188K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,265
Total administrative$37,265
The Brenk Brothers, Inc 401(k) match · 2024
Employer contribution per active participant$1,579
Median for plans this size$2,416
2024$1,579 per active participant
2023$1,503 per active participant
2022$1,481 per active participant

Brenk Brothers, Inc'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 · 20241
MINNESOTA LIFE INSURANCE COMPANY · Contract administrator · Recordkeeping$29,975

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

Recordkeeper by year2
2024Securian
2023Securian

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

Administrative cost history3
2024$37,265 · 0.23%
2023$35,995 · 0.26%
2022$35,405 · 0.25%
Same employer
Similar plansManufacturing · Minnesota
Intek Plastics Inc. MN$18.4M · 0.20%
American Spirit Corporation MN$17.9M · 0.22%
Demmer Investments III, Inc MN$17.8M · 0.11%
Dalsin Industries, Inc. MN$17.8M · 0.48%
Cortec Corporation MN$17.7M · 0.03%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 411643597 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.