Plan Ledger DOL Form 5500 · updated monthly

Browning401(k)

BROWNING & ASSOCIATES SAVINGS PLAN · MORGAN, UT · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Browning reported $37,539 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,127 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 3 years on file its reported administrative ratio has held roughly steady near 0.082%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 151st-largest of 848 plans among Utah employers on file, and the 853rd of 4,246 in wholesale trade. In 2024, employees put in $1.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$48,391,765
Participants with balances198
Active participants141
Employer contributions$1,286,870
Employee contributions$1,377,314
Employer contribution per active participant$9,127
Average account balance$244,403
Benefits paid to participants$3,145,880
Plan auditUnmodified (clean) audit opinion
AuditorACUITY BUSINESS TAX ADVISORS
Plan history3
Yearassets · accounts · employer contribution
2024$48.4M · 198 accts · $1.3M emplr
2023$43.6M · 196 accts · $1.2M emplr
2022$37.9M · 208 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,539
Total administrative$37,539
The Browning 401(k) match · 2024
Employer contribution per active participant$9,127
Median for plans this size$2,416
2024$9,127 per active participant
2023$8,609 per active participant
2022$8,319 per active participant

Browning's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$37,539

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$37,539 · 0.08%
2023$33,252 · 0.08%
2022$33,240 · 0.08%
Same employer
Similar plansWholesale Trade · Utah
Afs Holdings, Inc UT$208.3M · 0.34%
Ifit Inc. UT$76.6M · 0.30%
American Equipment HR, LLC UT$47.6M · 0.36%
Nicholas & Co., Inc. UT$44.8M · 0.33%
4LIFE Research, LLC UT$30.7M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870340348 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.