Plan Ledger DOL Form 5500 · updated monthly

Brown Precision, Inc.401(k)

BROWN PRECISION, INC. 401(K) PLAN · HUNTSVILLE, AL · plan year 2023

Reported admin expense ratio · 2023
1.00%

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

Brown Precision, Inc. reported $43,472 in plan administrative expenses for 2023: 1.00% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,181 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 0.16% to 1.04%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Alabama (641st of 902), and 1,481st of 2,534 in administrative & support services. In 2023, employees put in $1.52 for every $1.00 the employer contributed; active participation has shrunk from 70 to 61 since 2022.

Plan summary
Net assets, end of year$4,695,893
Participants with balances162
Active participants61
Employer contributions$133,051
Employee contributions$202,855
Employer contribution per active participant$2,181
Average account balance$28,987
Benefits paid to participants$227,010
Plan auditUnmodified (clean) audit opinion
AuditorBMSS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$4.3M · 69 accts · $102K emplr
2023$4.7M · 162 accts · $133K emplr
2022$4.0M · 174 accts · $138K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$42,604
Investment management$868
Total administrative$43,472
The Brown Precision, Inc. 401(k) match · 2023
Employer contribution per active participant$2,181
Median for plans this size$1,308
2024$2,997 per active participant
2023$2,181 per active participant
2022$1,967 per active participant

Brown Precision, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$46,818 · 1.04%
2023$43,472 · 1.00%
2022$7,155 · 0.16%
Similar plansAdministrative & Support Services · Alabama
E Group, LLC AL$6.4M · 0.34%
Landscape Workshop, LLC AL$6.3M · 0.59%
Redtown, LLC AL$3.4M · 0.85%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630482103 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.