Plan Ledger DOL Form 5500 · updated monthly

Brown-Forman Corporation401(k)

BROWN-FORMAN CORPORATION SAVINGS PLAN · LOUISVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Brown-Forman Corporation reported $190,845 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,902 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 0.01% to 0.03%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 15th-largest of 871 plans among Kentucky employers on file, and the 470th of 13,661 in manufacturing. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has shrunk from 2,362 to 2,054 since 2022.

Plan summary
Net assets, end of year$648,549,973
Participants with balances2,687
Active participants2,054
Employer contributions$12,121,788
Employee contributions$23,525,521
Employer contribution per active participant$5,902
Average account balance$241,366
Benefits paid to participants$81,607,808
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$648.5M · 2,687 accts · $12.1M emplr
2023$631.0M · 3,015 accts · $12.8M emplr
2022$607.0M · 2,982 accts · $12.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,319
Investment management$106,169
Total administrative$190,845
The Brown-Forman Corporation 401(k) match · 2024
Employer contribution per active participant$5,902
Median for plans this size$4,294
2024$5,902 per active participant
2023$5,264 per active participant
2022$5,165 per active participant

Brown-Forman 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 · 20242
EMPOWER ANNUITY INSURANCE COMPANY O · Loan processing · Recordkeeping$63,719
EMPOWER ADVISORY GROUP, LLC · Investment management · Investment advisory (participants)$106,169

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$190,845 · 0.03%
2023$103,023 · 0.02%
2022$76,963 · 0.01%
All plans at this employer2
BROWN-FORMAN CORPORATION SAVINGS PLAN401(k)
BROWN-FORMAN CORPORATION SAVINGS PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES401(k)
Same employer
Similar plansManufacturing · Kentucky
Lexmark International KY$1.2B · 0.04%
Pro Mach, Inc. KY$485.8M · 0.16%
Wieland North America, Inc. KY$424.6M · 0.13%
Wieland North America, Inc. KY$367.9M · 0.17%
North American Stainless KY$334.8M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 610143150 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.