Plan Ledger DOL Form 5500 · updated monthly

Brightpet Opf Buyer, Inc.401(k)

BRIGHTPET 401K PLAN · LISBON, OH · plan year 2023

Reported admin expense ratio · 2023
0.61%

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

Brightpet Opf Buyer, Inc. reported $37,267 in plan administrative expenses for 2023: 0.61% of average plan assets, above the peer median. Employer contributions averaged $1,113 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 rose from 0.74% to 0.84%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (2,351st of 3,295), and 10,395th of 13,661 in manufacturing. In 2023, employees put in $1.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,563,233
Participants with balances159
Active participants313
Employer contributions$348,280
Employee contributions$691,427
Employer contribution per active participant$1,113
Average account balance$41,278
Benefits paid to participants$907,334
Plan auditUnmodified (clean) audit opinion
AuditorMCGILL POWER BELL & ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 154 accts · $386K emplr
2023$6.6M · 159 accts · $348K emplr
2022$5.6M · 165 accts · $306K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$14,363
Investment management$22,904
Total administrative$37,267
The Brightpet Opf Buyer, Inc. 401(k) match · 2023
Employer contribution per active participant$1,113
Median for plans this size$1,308
2024$1,107 per active participant
2023$1,113 per active participant
2022$967 per active participant

Brightpet Opf Buyer, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
EMPOWER ANNUITY INS CO OF AMERICA · Recordkeeping · Insurance services$3,450
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (participants) · Investment advisory (plan)$22,904
BAKER TILLY VIRCHOW KRAUSE, LLP · Pension consulting · Other services$4,450
EMPOWER ADVISORY GROUP, LLC · Investment management$423

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$54,532 · 0.84%
2023$37,267 · 0.61%
2022$50,041 · 0.74%
Similar plansManufacturing · Ohio
Pleasant Valley Trailers OH$6.7M · 0.65%
Venture Plastics, Inc. OH$6.7M · 0.56%
Tedia Company, Inc. OH$6.6M · 0.16%
Meyer Products, LLC OH$6.5M · 0.75%
H & M Metal Processing OH$6.5M · 0.21%
Pgi Holdings, LLC OH$6.5M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 812328025 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.