Retirement plan

BRAXTON MFG CO., INC. SAVINGS & RETIREMENT PLAN

Name: BRAXTON MANUFACTURING CO., INC. - BRAXTON MFG CO., INC. SAVINGS & RETIREMENT PLAN (2024) Form 5500
Creator: BRAXTON MANUFACTURING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRAXTON MFG CO., INC. SAVINGS & RETIREMENT PLAN, BRAXTON MANUFACTURING CO., INC.

BRAXTON MANUFACTURING CO., INC.EIN 06-0802403Plan #001PY 2024

858 ECHO LAKE ROAD, P.O. BOX 429 - WATERTOWN, CT 06795860-274-6781braxtonmfg.comLinkedIn51-200 employeesmachinery

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$25M

-0.7% from 2023

Total participants

223

-3.5% from 2023

Average account balance

$142,080

+2.1% from 2023

Annual return

13.08%

-3.96 pp from 2023

Benchmarks

See 4,103 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,103 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.01M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

176

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.

76.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$105

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 5 by compensation

Provider	Service type	Compensation
CETERA ADVISOR NETWORKS LLC4 years Filed as: CETERA ADVISORS NETWORKS LLC Service code 55	Other Commissions	$57,035
MARCUM LLP3 years Service code 10 155 S. MAIN STE 100 · PROVIDENCE, RI 02903	Accounting	$10,710
ADP BROKER-DEALER10+ years Filed as: PENSION CONSULTANTS, INC. Service code 13 74 BATTERSON PARK ROAD · FARMINGTON, CT 06032	Contract Administrator	$10,520
CETERA ADVISOR NETWORKS LLC4 years Service code 55 2301 ROSECRANS AVE. #5100 · GLASTONBURY, CT 06033	Other Commissions	$0
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$19K

$94 / participant

Recordkeeping$2K12.4%
Valuation$16K87.6%

% of EOY assets

0.074%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$142,080

$79,181+79.4%

$102,423+38.7%

$74,429+90.9%

Participation rate

76.1%

74.8%+1.4pp

76.5%-0.4pp

67.2%+8.9pp

Annual return

13.08%

54.97%-41.9pp

29.42%-16.3pp

1368.38%-1355.3pp

Employer contribution / active EE

$1,314

$2,362-44.3%

$3,023-56.5%

$2,625-49.9%

Participant deferral / active EE

$5,919

$4,416+34.0%

$5,054+17.1%

$4,348+36.1%

Admin fee / account holder

$105

$2,002-94.7%

$9,455-98.9%

$1,944-94.6%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC4 years

Filed as: CETERA ADVISORS NETWORKS LLC

Service code 55

Other Commissions

$57,035

MARCUM LLP3 years

Service code 10

155 S. MAIN STE 100 · PROVIDENCE, RI 02903

Accounting

$10,710

ADP BROKER-DEALER10+ years

Filed as: PENSION CONSULTANTS, INC.

Service code 13

74 BATTERSON PARK ROAD · FARMINGTON, CT 06032

Contract Administrator

$10,520

CETERA ADVISOR NETWORKS LLC4 years

Service code 55

2301 ROSECRANS AVE. #5100 · GLASTONBURY, CT 06033

Other Commissions

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

BRAXTON MFG CO., INC. SAVINGS & RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRAXTON MFG CO., INC. SAVINGS & RETIREMENT 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