Plan Ledger DOL Form 5500 · updated monthly

Broadridge Financial Solutions, Inc.401(k)

BROADRIDGE FINANCIAL SOLUTIONS, INC. RETIREMENT SAVINGS PLAN · NEWARK, NJ · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Broadridge Financial Solutions, Inc. reported $570,336 in plan administrative expenses for 2024: 0.03% of average plan assets, below the peer median. Employer contributions averaged $7,308 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 fell from 0.04% to 0.03%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other professional & technical services employers. By assets it is the 39th-largest of 2,419 plans among New Jersey employers on file, and the 87th of 11,654 in professional & technical services. In 2024, employees put in $1.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,914,885,779
Participants with balances8,690
Active participants6,802
Employer contributions$49,705,742
Employee contributions$75,133,912
Employer contribution per active participant$7,308
Average account balance$220,355
Benefits paid to participants$194,940,439
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.9B · 8,690 accts · $49.7M emplr
2023$1.7B · 8,753 accts · $47.9M emplr
2022$1.4B · 8,757 accts · $49.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$513,367
Audit (IQPA)$38,850
Total administrative$570,336
The Broadridge Financial Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$7,308
Median for plans this size$5,259
2024$7,308 per active participant
2023$6,911 per active participant
2022$6,926 per active participant

Broadridge Financial Solutions, Inc.'s 2024 employer contribution ran above the $5,259 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$513,367
COHNREZNICK LLP · Accounting / audit$38,850
MORGAN LEWIS & BOCKIUS LLP · Legal$17,526

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$570,336 · 0.03%
2023$113,490 · 0.01%
2022$570,032 · 0.04%
Same employer
Similar plansProfessional & Technical Services · New Jersey
Ernst & Young U.S. LLP NJ$18.3B · 0.03%
KPMG LLP NJ$10.5B · 0.02%
Shi International Corp NJ$850.2M · 0.07%
Wipro Limited NJ$831.2M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 331151291 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.