Plan Ledger DOL Form 5500 · updated monthly

Bright Wood Corporation401(k)

BRIGHT WOOD 401(K) SAVINGS AND PROFIT SHARING PLAN · MADRAS, OR · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Bright Wood Corporation reported $183,858 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $0 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 0.60% to 0.42%. 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 the 202nd-largest of 1,021 plans among Oregon employers on file, and the 3,417th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$44,539,370
Participants with balances1,451
Active participants998
Employer contributions$0
Employee contributions$3,128,545
Employer contribution per active participant$0
Average account balance$30,696
Benefits paid to participants$5,090,762
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$44.5M · 1,451 accts
2023$42.7M · 1,097 accts · $1.0M emplr
2022$36.6M · 950 accts · $2.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$135,055
Investment management$39,038
Audit (IQPA)$9,765
Total administrative$183,858
The Bright Wood Corporation 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416
2023$946 per active participant
2022$2,912 per active participant

Bright Wood Corporation's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$21,538
ROBERT W BAIRD & CO INCORPORATED · Investment advisory (plan)$17,500
MOSS ADAMS LLP · Accounting / audit$9,765

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$183,858 · 0.42%
2023$168,915 · 0.43%
2022$224,217 · 0.60%
Same employer
Similar plansManufacturing · Oregon
Fujimi Corporation OR$48.2M · 0.01%
Farwest Steel Corporation OR$47.9M · 0.29%
Leatherman Tool Group, Inc. OR$46.9M · 0.30%
South Coast Lumber Co. OR$45.4M · 0.37%
Lacrosse Footwear, Inc. OR$43.8M · 0.16%
Orenco Systems, Inc. OR$39.3M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930720678 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.