Brookfield Asset Management LLC 401(k) Review & Grade
Brookfield 401(k) Savings Plan
Cleveland, OHReal Estate & Rental4,968 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,252Employer $ per active participant
$11,621Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$150,918Average balance per account
Score breakdown
- Employer generosity50.0 / 50100th percentile for employer $ per participant
- Low cost16.0 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score80 / 100 · Grade A
This plan vs. peers
Peers: Real Estate & Rental plans with 2,500–9,999 active participants (50 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 64th |
| Employee saving | 96th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Corrective distributions: the plan refunded $73,517 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Brookfield Asset Management put in about $7,252 per active participant, more than the typical peer ($1,141). 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.
- 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 | $36,026,632 |
| Participant (employee) contributions | $57,733,195 |
| Other contributions (incl. rollovers in) | $11,506,230 |
| Administrative expenses paid from the plan | $955,665 |
| Investment advisory & management fees | $306,655 |
| Benefits paid out | $180,933,103 |
| Net assets, start / end of year | $1.1B / $1.2B |
| Active participants, start / end of year | 5,143 / 4,793 |
| Participants with account balances | 8,124 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Co of Ame | $460,676 reported compensation |
| MG Trust Company | $206,405 reported compensation |
| Nepc LLC | $100,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250826181243NAL0004599843001, received 2025-08-26, EIN 20-4473811, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.