Plan Ledger DOL Form 5500 · updated monthly

Brightline Inc.401(k)

BRIGHTLINE 401(K) PLAN · SAN MATEO, CA · plan year 2024

Reported admin expense ratio · 2024
1.10%

Brightline Inc. reported $81,377 in plan administrative expenses for 2024: 1.10% of average plan assets, higher than ~75% of peers. 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 rose from 0.46% to 1.10%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in California (5,944th of 9,483), and 6,340th of 11,911 in health care & social assistance. active participation has shrunk from 260 to 131 since 2022.

Plan summary
Net assets, end of year$8,264,107
Participants with balances358
Active participants131
Employer contributions—
Employee contributions$1,984,497
Employer contribution per active participant—
Average account balance$23,084
Benefits paid to participants$1,418,991
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 358 accts
2023$6.5M · 363 accts
2022$4.0M · 335 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$81,377
Total administrative$81,377
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
ERISA SERVICES INC · Contract administrator$5,736
EMPOWER ADVISORY GROUP, LLC · Investment management$5,211
AMERIPRISE FINANCIAL SERVICESindirect 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$81,377 · 1.10%
2023$52,325 · 1.00%
2022$13,089 · 0.46%
Same employer
Similar plansHealth Care & Social Assistance · California
Intercare Therapy, Inc. CA$8.4M · 0.89%
Orchard Hospital CA$8.3M · 0.79%
The Cedars of Marin CA$8.2M · 0.15%
Youth for Change CA$8.2M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843102803 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.