Brighthouse Services, LLC 401(k) Review & Grade
Brighthouse Services, LLC Savings Plan and Trust
Charlotte, NCFinance & Insurance1,440 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$14,129Employer $ per active participant
$13,325Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$322.4MNet plan assets, end of year
$183,684Average balance per account
Score breakdown
- Employer generosity48.7 / 5097th percentile for employer $ per participant
- Low cost24.6 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving12.9 / 1586th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score96 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 98th |
| Employee saving | 86th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Brighthouse Services put in about $14,129 per active participant, more than the typical peer ($3,606). 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.
- 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 | $20,346,258 |
| Participant (employee) contributions | $19,187,489 |
| Other contributions (incl. rollovers in) | $2,361,500 |
| Administrative expenses paid from the plan | $23,272 |
| Benefits paid out | $24,395,836 |
| Net assets, start / end of year | $263.2M / $322.4M |
| Active participants, start / end of year | 1,455 / 1,425 |
| Participants with account balances | 1,755 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe, LLP |
Largest service providers (Schedule C)
| Milliman, Inc. | $22,199 reported compensation |
| Charles Schwab & Co., Inc. | $0 reported compensation |
| Charles Schwab Trust Bank | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250912075958NAL0000990960001, received 2025-09-12, EIN 81-3094008, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.