Plan Ledger DOL Form 5500 · updated monthly

Bright Industries, LLC401(k)

BRIGHT INDUSTRIES, LLC 401(K) PLAN · LEWISVILLE, TX · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Bright Industries, LLC reported $27,724 in plan administrative expenses for 2024: 0.67% of average plan assets, above the peer median. Employer contributions averaged $1,366 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 fell from 0.80% to 0.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Texas (4,240th of 5,688), and 1,609th of 2,096 in real estate & leasing. In 2024, employees put in $3.69 for every $1.00 the employer contributed; active participation has shrunk from 116 to 84 since 2022.

Plan summary
Net assets, end of year$4,237,723
Participants with balances95
Active participants84
Employer contributions$114,758
Employee contributions$423,928
Employer contribution per active participant$1,366
Average account balance$44,608
Benefits paid to participants$756,643
Plan auditUnmodified (clean) audit opinion
AuditorPSK LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · 95 accts · $115K emplr
2023$4.0M · 130 accts · $278K emplr
2022$2.7M · 125 accts · $230K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,222
Investment management$17,502
Total administrative$27,724
The Bright Industries, LLC 401(k) match · 2024
Employer contribution per active participant$1,366
Median for plans this size$1,313
2024$1,366 per active participant
2023$2,463 per active participant
2022$1,984 per active participant

Bright Industries, LLC's 2024 employer contribution ran above the $1,313 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 · 20243
COMMONWEALTH EQUITY SERVICES, INC. · Recordkeeping · Trustee$17,502
ADP, INC. · Loan processing · Recordkeeping$10,222
ADP BROKER-DEALERindirect 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
2024ADP, COMMONWEALTH EQUITY SERVICES, INC.
2023ADP, COMMONWEALTH EQUITY SERVICES, INC.

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Administrative cost history3
2024$27,724 · 0.67%
2023$23,604 · 0.71%
2022$21,937 · 0.80%
Same employer
Similar plansReal Estate & Leasing · Texas
Camelot Services Inc. TX$4.7M · 0.49%
Outdoorsy Holdings, Inc. TX$4.7M · 1.42%
Buyers Barricades, Inc. TX$4.7M · 0.34%
Gwr 401(K) Plan TX$4.1M · 0.36%
Lurin Advisors, LLC TX$4.1M · 0.80%
Sync Residential TX$4.0M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 412218704 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.