Plan Ledger DOL Form 5500 · updated monthly

Brighthouse Services, LLC401(k)

BRIGHTHOUSE SERVICES, LLC SAVINGS PLAN AND TRUST · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Brighthouse Services, LLC reported $23,272 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $14,278 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 0.009% to 0.008%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 87th-largest of 2,005 plans among North Carolina employers on file, and the 421st of 4,798 in finance & insurance. In 2024, the employer put in $1.06 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$322,365,201
Participants with balances1,755
Active participants1,425
Employer contributions$20,346,258
Employee contributions$19,187,489
Employer contribution per active participant$14,278
Average account balance$183,684
Benefits paid to participants$24,395,836
Plan auditUnmodified (clean) audit opinion
AuditorCROWE, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$322.4M · 1,755 accts · $20.3M emplr
2023$263.2M · 1,790 accts · $19.8M emplr
2022$199.1M · 1,775 accts · $18.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,272
Total administrative$23,272
The Brighthouse Services, LLC 401(k) match · 2024
Employer contribution per active participant$14,278
Median for plans this size$4,294
2024$14,278 per active participant
2023$13,592 per active participant
2022$12,636 per active participant

Brighthouse Services, LLC's 2024 employer contribution ran above the $4,294 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
MILLIMAN, INC. · Recordkeeping · Loan processing$22,199
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trustee (directed)indirect comp
CHARLES SCHWAB & CO., INC. · Custodial (securities) · Trusteeindirect 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
2024Milliman
2023Milliman

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$23,272 · 0.01%
2023$20,163 · 0.01%
2022$18,971 · 0.01%
Same employer
Similar plansFinance & Insurance · North Carolina
Amwins Group, Inc. NC$844.5M · 0.09%
The Capfinancial Group, LLC NC$323.3M · 0.00%
Allspring Buyer LLC NC$310.4M · 0.03%
Iat Insurance Group Inc. NC$287.9M · 0.00%
First Bancorp NC$187.0M · 0.12%
Arrowood Indemnity Company NC$158.5M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 813094008 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.