Brightfarms, Inc.401(k)
BRIGHTFARMS, INC. 401(K) PROFIT SHARING PLAN · IRVINGTON, NY · plan year 2024
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Brightfarms, Inc. reported $80,940 in plan administrative expenses for 2024: 0.92% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,697 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 1.00% to 0.92%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (3,623rd of 5,648), and 8,028th of 11,654 in professional & technical services. In 2024, employees put in $2.14 for every $1.00 the employer contributed; active participation has grown from 327 to 449 since 2022.
Brightfarms, Inc.'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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 454774576 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.