Plan Ledger DOL Form 5500 · updated monthly

Brivo, Inc.401(k)

BRIVO SYSTEMS LLC 401(K) PLAN · BETHESDA, MD · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Brivo, Inc. reported $28,568 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $2,822 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 0.14% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 645th-largest of 1,671 plans among Maryland employers on file, and the 618th of 2,534 in administrative & support services. In 2024, employees put in $2.91 for every $1.00 the employer contributed; active participation has grown from 299 to 377 since 2022.

Plan summary
Net assets, end of year$19,967,885
Participants with balances344
Active participants377
Employer contributions$1,063,823
Employee contributions$3,093,900
Employer contribution per active participant$2,822
Average account balance$58,046
Benefits paid to participants$1,005,982
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.0M · 344 accts · $1.1M emplr
2023$14.4M · 295 accts · $835K emplr
2022$9.7M · 247 accts · $728K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,568
Total administrative$28,568
The Brivo, Inc. 401(k) match · 2024
Employer contribution per active participant$2,822
Median for plans this size$2,416
2024$2,822 per active participant
2023$2,061 per active participant
2022$2,436 per active participant

Brivo, 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 · 20245
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$12,616
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)$5,146
UNIGLOBAL PENSION PLANNING, INC. · Other servicesindirect comp
MORNINGSTAR · Investment advisory (plan)indirect comp
VOYA RETIREMENT INSURANCE CO. · Investment advisory (participants)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$28,568 · 0.17%
2023$19,606 · 0.16%
2022$13,281 · 0.14%
Similar plansAdministrative & Support Services · Maryland
Red Coats, Inc. MD$27.5M · 0.37%
Tech USA, LLC MD$18.3M · 0.01%
Brightkey, Inc. MD$10.7M · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473648763 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.