Plan Ledger DOL Form 5500 · updated monthly

Brother International Corporation401(k)

BROTHER USA RETIREMENT PLAN · BRIDGEWATER, NJ · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Brother International Corporation reported $211,482 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $5,266 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 0.09% to 0.08%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other wholesale trade employers. By assets it is the 188th-largest of 2,419 plans among New Jersey employers on file, and the 185th of 4,246 in wholesale trade. In 2024, employees put in $1.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$265,580,798
Participants with balances1,167
Active participants867
Employer contributions$4,565,782
Employee contributions$8,323,857
Employer contribution per active participant$5,266
Average account balance$227,576
Benefits paid to participants$30,586,518
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$265.6M · 1,167 accts · $4.6M emplr
2023$246.5M · 1,178 accts · $4.6M emplr
2022$228.2M · 1,186 accts · $3.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$107,967
Investment management$52,065
Audit (IQPA)$51,450
Total administrative$211,482
The Brother International Corporation 401(k) match · 2024
Employer contribution per active participant$5,266
Median for plans this size$4,294
2024$5,266 per active participant
2023$5,270 per active participant
2022$4,521 per active participant

Brother International Corporation's 2024 employer contribution ran above the $4,294 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
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$107,967
CAPFINANCIAL PARTNERS LLC DBA CAPTR · Investment advisory (plan)$52,065
EISNER ADVISORY GROUP LLC · Accounting / audit$51,450

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$211,482 · 0.08%
2023$188,234 · 0.08%
2022$219,732 · 0.09%
Same employer
Similar plansWholesale Trade · New Jersey
Iconectiv, LLC NJ$239.2M · 0.03%
Ferring Pharmaceutical Inc. NJ$232.8M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223142007 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.