401k Record

Employers › Brown-Forman

Brown-Forman 401(k)

Recordkeeping fees per participant · largest plan, Brown-forman Corporation Savings Plan · plan year 2024

$23.94

Higher than 20% of the 1,697 plans $250M to 1B that report it.

Source

= $64,319 / 2,687
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250929101535NAL0004966067001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929101535NAL0004966067001, received 2025-09-29

10th: $11.56median $49.9890th: $89.63

Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-29.

Largest plan, all six figures: Brown-forman Corporation Savings Plan

Recordkeeping fees per participantheadline

$23.94

10th: $11.56median $49.9890th: $89.63

Higher than 20% of the 1,697 plans $250M to 1B that report it.

Source

= $64,319 / 2,687
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250929101535NAL0004966067001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929101535NAL0004966067001, received 2025-09-29

Administrative expenses excluding investment management, per participant

$31.51

10th: $18.52median $67.2190th: $147.71

Higher than 17% of the 2,324 plans $250M to 1B that report it.

Source

= $84,676 / 2,687
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250929101535NAL0004966067001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929101535NAL0004966067001, received 2025-09-29

Administrative expenses per participant

$71.03

10th: $27.95median $88.2590th: $203.68

Higher than 37% of the 2,405 plans $250M to 1B that report it.

Source

= $190,845 / 2,687
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250929101535NAL0004966067001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929101535NAL0004966067001, received 2025-09-29

Administrative expenses as a share of assets

0.029%

10th: 0.018%median 0.073%90th: 0.183%

Higher than 17% of the 2,407 plans $250M to 1B that report it.

Source

= $190,845 / $648,549,973
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250929101535NAL0004966067001, received 2025-09-29
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250929101535NAL0004966067001, received 2025-09-29

Employer contributions per participant

$4,511

10th: $1,169median $3,07390th: $8,346

Higher than 69% of the 2,457 plans $250M to 1B that report it.

Source

= $12,121,788 / 2,687
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250929101535NAL0004966067001, received 2025-09-29
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250929101535NAL0004966067001, received 2025-09-29

Employer share of total contributions

31.8%

10th: 17.5%median 31.1%90th: 48.7%

Higher than 52% of the 2,459 plans $250M to 1B that report it.

Source

= $12,121,788 / $38,169,758
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250929101535NAL0004966067001, received 2025-09-29
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250929101535NAL0004966067001, received 2025-09-29

Plan terms, as stated in Brown-Forman Corporation's SEC filings

Employer match

“The Company contributes matching contributions in an amount equal to 100% of the participant’s elective deferral for up to 5% of compensation that is deferred.”

Form 11-K filed 2026-06-24, for the year ended 2025-12-31 · plan description note, contributions · source document

Vesting

“Vesting in the Company's contributions and earnings thereon is 25% per year of service with the Company.”

Form 11-K filed 2026-06-24, for the year ended 2025-12-31 · plan description note, vesting · source document

Automatic enrollment

“Newly eligible employees and employees who have not completed a salary reduction form are automatically enrolled in the Plan at a 5% of compensation deferral rate unless they indicate a desire not to make contributions or elect to enroll at a different percentage.”

Form 11-K filed 2026-06-24, for the year ended 2025-12-31 · plan description note, contributions · source document

Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.

Plans sponsored

PlanAssetsParticipants with a balanceHeadlineYear
Brown-forman Corporation Savings Plan$648,549,9732,687 $23.94 recordkeeping fees per participant2024
Brown-forman Corporation Savings Plan for Collectively Bargained Employee$35,881,947413 $38.18 recordkeeping fees per participant2024

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Sponsor name as filed: BROWN-FORMAN CORPORATION; SEC registrant: BROWN FORMAN CORP (CIK 14693, matched by EIN; display name from the Form 11-K cover).