Retirement plan

BTIG, LLC 401(K) PLAN

Name: BTIG, LLC - BTIG, LLC 401(K) PLAN (2024) Form 5500
Creator: BTIG, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BTIG, LLC 401(K) PLAN, BTIG, LLC

BTIG, LLCEIN 04-3695739Plan #001PY 2024

350 BUSH STREET, 9TH FLOOR - SAN FRANCISCO, CA 94104415-248-2200btig.comLinkedIn501-1000 employeesfinancial services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$142.2M

+22.5% from 2023

Total participants

734

+2.1% from 2023

Average account balance

$212,505

+19.0% from 2023

Annual return

17.77%

-3.20 pp from 2023

Benchmarks

See 3,310 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,310 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$142.17M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$213K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

669

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

88.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.77%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$338

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.10+ years Filed as: NEWPORT CAPITAL ADVISERS Service code 27 500 VICTORY RD #4 · QUINCY, MA 02171	Advisory (Plan)	$122,703
JOHN HANCOCK LIFE INSURANCE COMPANY6 years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$109,056
EISNERAMPER LLP6 years Service code 10 · EIN 87-1363769	Accounting	$23,373

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$226K

$387 / participant

Investment mgmt$203K89.7%
Other / not subdivided$23K10.3%

% of EOY assets

0.159%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EISNERAMPER LLP
Auditor EIN: 871363769
Audit fees: $23,373
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$212,505

$106,110+100.3%

$147,005+44.6%

$77,671+173.6%

Participation rate

88.9%

78.4%+10.5pp

82.2%+6.7pp

70.6%+18.3pp

Annual return

17.77%

56.77%-39.0pp

418.76%-401.0pp

31.21%-13.4pp

Employer contribution / active EE

$6,154

$4,065+51.4%

$4,934+24.7%

$2,726+125.7%

Participant deferral / active EE

$17,424

$7,992+118.0%

$8,070+115.9%

$4,648+274.9%

Admin fee / account holder

$338

$338+0.2%

$13,006-97.4%

$430-21.4%

Provider

Service type

Compensation

NEWPORT GROUP, INC.10+ years

Filed as: NEWPORT CAPITAL ADVISERS

Service code 27

500 VICTORY RD #4 · QUINCY, MA 02171

Advisory (Plan)

$122,703

JOHN HANCOCK LIFE INSURANCE COMPANY6 years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$109,056

EISNERAMPER LLP6 years

Service code 10 · EIN 87-1363769

Accounting

$23,373

BTIG, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BTIG, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion