Bray International, Inc. 401(k) Review & Grade
Bray International, Inc. 401(k) Profit Sharing Plan & Trust
Houston, TXManufacturing834 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,287Employer $ per active participant
$10,019Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$109.7MNet plan assets, end of year
$107,849Average balance per account
Score breakdown
- Employer generosity33.4 / 5067th percentile for employer $ per participant
- Low cost11.5 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 46th |
| Employee saving | 90th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($139,609 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Bray International put in about $3,287 per active participant, more than the typical peer ($2,320). 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.
- 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,743,143 |
| Participant (employee) contributions | $8,360,683 |
| Other contributions (incl. rollovers in) | $2,222,411 |
| Administrative expenses paid from the plan | $259,087 |
| Investment advisory & management fees | $84,794 |
| Other admin expenses | $3,318 |
| Benefits paid out | $7,326,778 |
| Net assets, start / end of year | $90.7M / $109.7M |
| Active participants, start / end of year | 767 / 902 |
| Participants with account balances | 1,017 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Withumsmith+brown,pc |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $151,107 reported compensation |
| LPL Financial LLC | $84,794 reported compensation |
| Pannell Kerr Forster of Texas, P.C. | $19,748 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003092245NAL0001192577001, received 2025-10-03, EIN 76-0184782, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.