Brambles USA, Inc. 401(k) Review & Grade
Brambles USA 401(k) Plan
Orlando, FLManagement of Companies2,868 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,048Employer $ per active participant
$5,918Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$304.5MNet plan assets, end of year
$100,004Average balance per account
Score breakdown
- Employer generosity21.2 / 5042th percentile for employer $ per participant
- Low cost21.5 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 86th |
| Employee saving | 39th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $10,927 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Brambles USA put in about $3,048 per active participant, below the typical peer ($3,455). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $8,740,309 |
| Participant (employee) contributions | $16,968,986 |
| Other contributions (incl. rollovers in) | $3,359,547 |
| Administrative expenses paid from the plan | $105,292 |
| Investment advisory & management fees | $72,509 |
| Benefits paid out | $25,940,447 |
| Net assets, start / end of year | $263.1M / $304.5M |
| Active participants, start / end of year | 2,896 / 2,839 |
| Participants with account balances | 3,045 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $72,509 reported compensation |
| Forvis | $27,563 reported compensation |
| Fidelity Investments Institutional | $5,220 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015092526NAL0005796672001, received 2025-10-15, EIN 36-3630892, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.