Briggs & Stratton, LLC 401(k) Review & Grade
Briggs & Stratton, LLC 401(k) Plan
Wauwatosa, WIManufacturing3,568 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,929Employer $ per active participant
$4,165Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$226.7MNet plan assets, end of year
$57,091Average balance per account
Score breakdown
- Employer generosity28.8 / 5058th percentile for employer $ per participant
- Low cost8.1 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving3.9 / 1526th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 32th |
| Employee saving | 26th |
| Peers that auto-enroll | 70% |
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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
- Briggs & Stratton put in about $3,929 per active participant, more than the typical peer ($3,452). 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 (0.21% of assets) are well above similar-size plans (0.12%). 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 | $14,019,344 |
| Participant (employee) contributions | $14,863,902 |
| Other contributions (incl. rollovers in) | $1,655,283 |
| Administrative expenses paid from the plan | $467,764 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $34,205 |
| Benefits paid out | $39,984,087 |
| Net assets, start / end of year | $210.3M / $226.7M |
| Active participants, start / end of year | 3,904 / 3,233 |
| Participants with account balances | 3,970 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wipfli |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $414,059 reported compensation |
| Fiducient Advisors | $29,175 reported compensation |
| Wipfli | $19,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014133813NAL0003049265001, received 2025-10-14, EIN 85-2711260, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.