Plan Ledger DOL Form 5500 · updated monthly

Brilex Industries, Inc.401(k)

THE BRILEX GROUP 401(K)PLAN · YOUNGSTOWN, OH · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Brilex Industries, Inc. reported $84,817 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $3,271 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 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,034th-largest of 3,295 plans among Ohio employers on file, and the 4,769th of 13,661 in manufacturing. In 2024, employees put in $1.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,751,325
Participants with balances282
Active participants243
Employer contributions$794,845
Employee contributions$1,305,430
Employer contribution per active participant$3,271
Average account balance$98,409
Benefits paid to participants$831,541
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.8M · 282 accts · $795K emplr
2023$23.4M · 283 accts · $751K emplr
2022$20.8M · 298 accts · $729K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,817
Total administrative$84,817
The Brilex Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$3,271
Median for plans this size$2,416
2024$3,271 per active participant
2023$2,912 per active participant
2022$2,881 per active participant

Brilex Industries, Inc.'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
BEARD INVESTMENT SERVICES, INC. · Investment advisory (plan)$54,844
BEARD PENSION SERVICES, INC. · Contract administrator$5,300
EMPOWER ADVISORY GROUP, LLC · Investment management$1,319

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$84,817 · 0.33%
2023$76,440 · 0.35%
2022$79,220 · 0.34%
Same employer
Similar plansManufacturing · Ohio
Alliance Compressors, LLC OH$28.1M · 0.23%
Aida-America Corporation OH$27.8M · 0.17%
Trew, LLC OH$27.8M · 0.53%
Beckett Gas, Inc. OH$27.6M · 0.11%
St. Bernard Soap Company OH$27.4M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341832263 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.