Plan Ledger DOL Form 5500 · updated monthly

The Breeden Company, Inc.401(k)

THE BREEDEN COMPANY, INC. 401(K) PLAN · VIRGINIA BEACH, VA · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

The Breeden Company, Inc. reported $54,372 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $694 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 0.55% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Virginia (1,330th of 2,266), and the 978th of 2,096 in real estate & leasing. In 2024, employees put in $4.08 for every $1.00 the employer contributed; active participation has grown from 246 to 316 since 2022.

Plan summary
Net assets, end of year$12,218,973
Participants with balances203
Active participants316
Employer contributions$219,289
Employee contributions$893,958
Employer contribution per active participant$694
Average account balance$60,192
Benefits paid to participants$927,214
Plan auditUnmodified (clean) audit opinion
AuditorBDO
Plan history3
Yearassets · accounts · employer contribution
2024$12.2M · 203 accts · $219K emplr
2023$10.5M · 205 accts · $196K emplr
2022$8.6M · 178 accts · $170K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,372
Total administrative$54,372
The The Breeden Company, Inc. 401(k) match · 2024
Employer contribution per active participant$694
Median for plans this size$2,416
2024$694 per active participant
2023$700 per active participant
2022$691 per active participant

The Breeden Company, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$54,135

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

Recordkeeper by year2
2024Alerus, John Hancock
2023Alerus

This plan has changed recordkeepers within these filings. If you left The Breeden Company, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$54,372 · 0.48%
2023$48,666 · 0.51%
2022$48,928 · 0.55%
Same employer
Similar plansReal Estate & Leasing · Virginia
Divaris Real Estate, Inc. VA$14.9M · 0.54%
Rw Towne Realty LLC VA$12.2M · 0.42%
The Building People, LLC VA$11.9M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540833286 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.