Brady Companies, LLC 401(k) Review & Grade
Brady Companies, LLC 401(k) Plan
Las Vegas, NVAdministrative, Support & Staffing Services1,214 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$717Employer $ per active participant
$3,334Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$37.0MNet plan assets, end of year
$31,264Average balance per account
Score breakdown
- Employer generosity25.3 / 5050th percentile for employer $ per participant
- Low cost6.9 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 28th |
| Employee saving | 66th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Auditor concern: the independent auditor gave a qualified or adverse opinion.
Corrective distributions: the plan refunded $102,894 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Brady Companies put in about $717 per active participant, more than the typical peer ($712). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.43% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $870,230 |
| Participant (employee) contributions | $4,046,189 |
| Other contributions (incl. rollovers in) | $613,787 |
| Administrative expenses paid from the plan | $142,998 |
| Contract administrator fees | $142,998 |
| Benefits paid out | $4,095,627 |
| Net assets, start / end of year | $29.0M / $37.0M |
| Active participants, start / end of year | 1,223 / 1,204 |
| Participants with account balances | 1,185 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ellsworth & Stout LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $142,998 reported compensation |
| S B H U Life Agency Inc | $56,437 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925112445NAL0003496659001, received 2025-09-25, EIN 47-1404623, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.