Plan Ledger DOL Form 5500 · updated monthly

Team Brandt, LLC401(k)

TEAM BRANDT, LLC 401(K) AND PROFIT SHARING PLAN · SPRINGFIELD, IL · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Team Brandt, LLC reported $24,584 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,502 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 0.01% to 0.03%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 620th-largest of 3,702 plans among Illinois employers on file, and the 52nd of 945 in agriculture, forestry & fishing. In 2024, employees put in $2.78 for every $1.00 the employer contributed; active participation has grown from 599 to 678 since 2022.

Plan summary
Net assets, end of year$88,049,568
Participants with balances643
Active participants678
Employer contributions$1,696,266
Employee contributions$4,717,316
Employer contribution per active participant$2,502
Average account balance$136,936
Benefits paid to participants$10,244,417
Plan auditUnmodified (clean) audit opinion
AuditorKERBER, ECK, & BRAEKEL LLP
Plan history3
Yearassets · accounts · employer contribution
2024$88.0M · 643 accts · $1.7M emplr
2023$80.6M · 613 accts · $1.5M emplr
2022$68.4M · 566 accts · $2.0M emplr
The Team Brandt, LLC 401(k) match · 2024
Employer contribution per active participant$2,502
Median for plans this size$3,635
2024$2,502 per active participant
2023$2,253 per active participant
2022$3,289 per active participant

Team Brandt, LLC's 2024 employer contribution ran below the $3,635 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
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$10,687

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$24,584 · 0.03%
2023$14,969 · 0.02%
2022$8,060 · 0.01%
Same employer
Similar plansAgriculture, Forestry & Fishing · Illinois
Growmark, Inc. IL$474.9M · 0.19%
Koch Foods, Inc. IL$101.5M · 0.25%
The Maschhoffs IL$45.6M · 0.14%
Pharmacann Inc IL$18.5M · 2.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843496095 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.