Plan Ledger DOL Form 5500 · updated monthly

Sierra Bravo Corporation401(k)

SIERRA BRAVO CORPORATION 401(K) PLAN · EDINA, MN · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Sierra Bravo Corporation reported $64,255 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $5,178 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 0.22% to 0.16%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 565th-largest of 1,918 plans among Minnesota employers on file, and the 3,225th of 11,654 in professional & technical services. In 2024, employees put in $2.74 for every $1.00 the employer contributed; active participation has shrunk from 184 to 139 since 2022.

Plan summary
Net assets, end of year$41,233,672
Participants with balances471
Active participants139
Employer contributions$719,746
Employee contributions$1,975,587
Employer contribution per active participant$5,178
Average account balance$87,545
Benefits paid to participants$5,166,046
Plan auditUnmodified (clean) audit opinion
AuditorTHORESEN DIABY HELLE CONDON & DODGE
Plan history3
Yearassets · accounts · employer contribution
2024$41.2M · 471 accts · $720K emplr
2023$37.9M · 485 accts · $752K emplr
2022$32.4M · 523 accts · $844K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,030
Investment management$36,225
Total administrative$64,255
The Sierra Bravo Corporation 401(k) match · 2024
Employer contribution per active participant$5,178
Median for plans this size$2,416
2024$5,178 per active participant
2023$5,117 per active participant
2022$4,586 per active participant

Sierra Bravo Corporation'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 · 20244
CURI RMB CAPITAL LLC · Investment advisory (plan)$20,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$18,030
RMB WEST LLC · Investment advisory (plan)$10,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$6,225

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$64,255 · 0.16%
2023$72,125 · 0.21%
2022$81,063 · 0.22%
Same employer
Similar plansProfessional & Technical Services · Minnesota
Code 42 Software, Inc. MN$44.1M · 0.05%
Kfi Engineers, PC MN$43.5M · 0.21%
The Rfa Group, Inc. MN$39.9M · 0.28%
Calabrio, Inc. MN$38.4M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470962781 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.