Plan Ledger DOL Form 5500 · updated monthly

Brown-Wilbert, Inc.401(k)

BROWN-WILBERT, INC. PROFIT SHARING PLAN AND TRUST · ROSEVILLE, MN · plan year 2023

Reported admin expense ratio · 2023
0.68%

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

Brown-Wilbert, Inc. reported $33,936 in plan administrative expenses for 2023: 0.68% of average plan assets, above the peer median. Employer contributions averaged $58 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 0.56% to 0.70%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Minnesota (1,594th of 1,918), and 11,206th of 13,661 in manufacturing. In 2023, employees put in $62.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,988,555
Participants with balances123
Active participants115
Employer contributions$6,679
Employee contributions$420,254
Employer contribution per active participant$58
Average account balance$40,557
Benefits paid to participants$1,138,914
Plan auditUnmodified (clean) audit opinion
AuditorLETHERT, SKWIRA, SCHULTZ & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.7M · 134 accts · $7K emplr
2023$5.0M · 123 accts · $7K emplr
2022$5.0M · 131 accts · $3K emplr
The Brown-Wilbert, Inc. 401(k) match · 2023
Employer contribution per active participant$58
Median for plans this size$1,308
2024$69 per active participant
2023$58 per active participant
2022$22 per active participant

Brown-Wilbert, Inc.'s 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom quarter of its peers. 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.

Service providers · 20234
KESTRA ADVISORY SERVICES LLC · Investment advisory (plan)$12,654
TSC 401K · Contract administrator$1,564
EMPOWER ADVISORY GROUP, LLC · Investment management$212

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$34,174 · 0.70%
2023$33,936 · 0.68%
2022$31,118 · 0.56%
Same employer
Similar plansManufacturing · Minnesota
Hylife Foods Windom, LLC MN$5.2M · 1.05%
Floe International, Inc. MN$5.1M · 0.55%
H. B. Fuller Co MN$4.6M · 0.38%
Beacon Promotions MN$4.6M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411821767 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.