Plan Ledger DOL Form 5500 · updated monthly

Springbrook Holding Company, LLC401(k)

SPRINGBROOK SOFTWARE 401(K) PLAN · SHERWOOD, OR · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Springbrook Holding Company, LLC reported $33,100 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,033 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 1 year on file its reported administrative ratio fell from 0.32% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 449th-largest of 1,021 plans among Oregon employers on file, and 1,259th of 2,199 in information & media. In 2024, employees put in $4.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,252,869
Participants with balances246
Active participants227
Employer contributions$461,598
Employee contributions$1,863,033
Employer contribution per active participant$2,033
Average account balance$57,938
Benefits paid to participants$1,361,279
Plan auditUnmodified (clean) audit opinion
AuditorOSTROW REISIN BERK AND ABRAMS LTD
Plan history2
Yearassets · accounts · employer contribution
2024$14.3M · 246 accts · $462K emplr
2023$11.3M · 211 accts · $486K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,100
Total administrative$33,100
The Springbrook Holding Company, LLC 401(k) match · 2024
Employer contribution per active participant$2,033
Median for plans this size$2,416
2024$2,033 per active participant
2023$2,517 per active participant

Springbrook Holding Company, LLC's 2024 employer contribution ran below the $2,416 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$33,100

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2024$33,100 · 0.26%
2023$30,399 · 0.32%
Same employer
Similar plansInformation & Media · Oregon
Procare Software LLC OR$26.8M · 0.29%
Revinate LLC OR$23.3M · 0.29%
Blackstone Audio OR$15.0M · 0.04%
Adpearance Holdings, LLC OR$11.4M · 0.27%
Open Dental Software, Inc. OR$10.3M · 0.09%
Dark Horse Comics, LLC OR$8.9M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473479552 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.