Plan Ledger DOL Form 5500 · updated monthly

Brigade Capital Management, LP401(k)

BRIGADE CAPITAL MANAGEMENT, LP INCENTIVE SAVINGS TRUST · NEW YORK, NY · plan year 2025

Reported admin expense ratio · 2025
0.31%

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

Brigade Capital Management, LP reported $200,271 in plan administrative expenses for 2025: 0.31% of average plan assets, higher than ~90% of peers. Employer contributions averaged $11,787 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 rose from 0.19% to 0.31%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,101st-largest of 5,648 plans among New York employers on file, and the 1,342nd of 4,798 in finance & insurance. In 2025, employees put in $1.80 for every $1.00 the employer contributed; active participation has shrunk from 125 to 108 since 2022.

Plan summary
Net assets, end of year$66,813,751
Participants with balances174
Active participants108
Employer contributions$1,273,049
Employee contributions$2,286,812
Employer contribution per active participant$11,787
Average account balance$383,987
Benefits paid to participants$6,515,322
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$66.8M · 174 accts · $1.3M emplr
2024$61.8M · 170 accts · $1.3M emplr
2023$52.9M · 182 accts · $1.3M emplr
2022$44.5M · 177 accts · $1.6M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$200,271
Total administrative$200,271
The Brigade Capital Management, LP 401(k) match · 2025
Employer contribution per active participant$11,787
Median for plans this size$4,093
2025$11,787 per active participant
2024$10,958 per active participant
2023$10,914 per active participant
2022$12,870 per active participant

Brigade Capital Management, LP's 2025 employer contribution ran above the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
NATIONWIDE · Recordkeeping · Custodial (securities)$46,165
WORLD INVESTMENT ADVISORS, LLC · Investment management$73,856
ASSUREDPARTNERS NORTHEAST, LLC · Insurance broker$1,900

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

Recordkeeper by year3
2025Nationwide
2024Nationwide
2023Nationwide

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Administrative cost history4
2025$200,271 · 0.31%
2024$113,859 · 0.20%
2023$93,440 · 0.19%
2022$82,777 · 0.19%
Same employer
Similar plansFinance & Insurance · New York
Ulster Savings Bank NY$64.4M · 0.23%
Bank Hapoalim B.M. NY$64.1M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204895879 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.