Plan Ledger DOL Form 5500 · updated monthly

Brightland Homes, LTD401(k)

GEHAN HOMES, LTD. 401(K) PLAN · ADDISON, TX · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Brightland Homes, LTD reported $169,626 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $2,475 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 3 years on file its reported administrative ratio has held roughly steady near 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,189th-largest of 5,688 plans among Texas employers on file, and the 1,187th of 5,337 in construction. In 2024, employees put in $2.79 for every $1.00 the employer contributed; active participation has grown from 476 to 606 since 2022.

Plan summary
Net assets, end of year$42,407,007
Participants with balances743
Active participants606
Employer contributions$1,499,737
Employee contributions$4,181,369
Employer contribution per active participant$2,475
Average account balance$57,075
Benefits paid to participants$4,249,651
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$42.4M · 743 accts · $1.5M emplr
2023$34.9M · 591 accts · $1.2M emplr
2022$28.0M · 671 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$169,626
Total administrative$169,626
The Brightland Homes, LTD 401(k) match · 2024
Employer contribution per active participant$2,475
Median for plans this size$2,416
2024$2,475 per active participant
2023$2,711 per active participant
2022$2,853 per active participant

Brightland Homes, LTD's 2024 employer contribution ran above the $2,416 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$169,626
WOODBURY FINANCIAL SVCS · Investment advisory (plan)indirect comp
OSAIC WEALTH, INC. · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$169,626 · 0.44%
2023$143,928 · 0.46%
2022$135,621 · 0.45%
Same employer
Similar plansConstruction · Texas
Hmt LLC TX$40.7M · 0.23%
Cummings Electrical, LP TX$39.4M · 0.51%
Mason Construction, LLC TX$38.0M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752551989 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.