Brown Investment Advisory & Trust Company 401(k) Review & Grade
Brown Advisory 401(k) Plan
Baltimore, MDFinance & Insurance836 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,130Employer $ per active participant
$16,445Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$275.8MNet plan assets, end of year
$225,346Average balance per account
Score breakdown
- Employer generosity42.1 / 5084th percentile for employer $ per participant
- Low cost21.2 / 2585th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1593th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 85th |
| Employee saving | 93th |
| 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
- Brown Investment Advisory & Trust put in about $7,130 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 | $5,957,478 |
| Participant (employee) contributions | $13,739,388 |
| Other contributions (incl. rollovers in) | $1,225,877 |
| Administrative expenses paid from the plan | $146,742 |
| Investment advisory & management fees | $141 |
| Other admin expenses | $69,951 |
| Benefits paid out | $11,777,351 |
| Net assets, start / end of year | $232.6M / $275.8M |
| Active participants, start / end of year | 801 / 870 |
| Participants with account balances | 1,224 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clifton Larson Allen LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $76,650 reported compensation |
| Resource Investment Advisors LLC | $70,000 reported compensation |
| Charles Schwab & Co., Inc. | $1,107 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250815092727NAL0029887442001, received 2025-08-15, EIN 52-1811121, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.