Plan Ledger DOL Form 5500 · updated monthly

Bright Mls, Inc.401(k)

BRIGHT MLS, INC. 401(K) RETIREMENT PLAN · NORTH BETHESDA, MD · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Bright Mls, Inc. reported $116,253 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $5,020 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 0.40% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 388th-largest of 1,671 plans among Maryland employers on file, and the 355th of 2,096 in real estate & leasing. In 2024, employees put in $1.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$39,556,724
Participants with balances221
Active participants154
Employer contributions$773,023
Employee contributions$1,308,843
Employer contribution per active participant$5,020
Average account balance$178,990
Benefits paid to participants$1,440,663
Plan auditUnmodified (clean) audit opinion
AuditorFAW CASSON & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$39.6M · 221 accts · $773K emplr
2023$32.4M · 206 accts · $671K emplr
2022$27.7M · 210 accts · $655K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$116,253
Total administrative$116,253
The Bright Mls, Inc. 401(k) match · 2024
Employer contribution per active participant$5,020
Median for plans this size$2,416
2024$5,020 per active participant
2023$4,901 per active participant
2022$4,647 per active participant

Bright Mls, 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$116,250
MORGAN STANLEY · Investment advisory (participants)indirect comp
FAW CASSON · Accounting / auditindirect comp

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$116,253 · 0.32%
2023$93,155 · 0.31%
2022$121,786 · 0.40%
Same employer
Similar plansReal Estate & Leasing · Maryland
Klnb LLC MD$65.0M · 0.08%
St. John Properties, Inc. MD$54.3M · 0.26%
Peri Formwork Systems, Inc. MD$49.6M · 0.17%
Lerner Corporation MD$37.8M · 0.38%
Atlantic Tractor, LLC MD$28.9M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521845913 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.