Retirement plan

BROOK & WHITTLE LIMITED SECTION 401(K) PROFIT SHARING PLAN

Name: BROOK & WHITTLE LIMITED - BROOK & WHITTLE LIMITED SECTION 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: BROOK & WHITTLE LIMITED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BROOK & WHITTLE LIMITED SECTION 401(K) PROFIT SHARING PLAN, BROOK & WHITTLE LIMITED

BROOK & WHITTLE LIMITEDEIN 06-1452909Plan #001PY 2023

20 CARTER DRIVE - GUILFORD, CT 06437203-483-5602brookandwhittle.comLinkedIn1001-5000 employeesprinting

Prospect flagsLow assets / participantLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$64.3M

+16.0% from 2022

Total participants

1,897

-3.1% from 2022

Average account balance

$35,467

+14.5% from 2022

Annual return

17.24%

-20.86 pp from 2022

Benchmarks

See 394 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort394 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$91.91M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

1,959

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+49.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$166

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
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$226,177
AURORA PRIVATE WEALTH INC4 years Filed as: AURORA PRIVATE WEALTH, INC. Service code 27 · EIN 47-4814591	Advisory (Plan)	$140,540
BROOK & WHITTLE LTD1 year Service code 25 · EIN 06-1452909	Directed Trustee	$83,617
ADP BROKER-DEALER2 years Filed as: PENSION CONSULTANTS INC. Service code 13 · EIN 06-1504963	Contract Administrator	$66,446
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,204

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$388K

$263 / participant

Recordkeeping$388K100.0%

% of EOY assets

0.604%

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: PKF O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,467

$104,631-66.1%

$98,462-64.0%

$80,169-55.8%

Participation rate

94.4%

87.5%+6.8pp

75.2%+19.2pp

72.9%+21.4pp

Annual return

17.24%

34.72%-17.5pp

21.17%-3.9pp

40.39%-23.2pp

Employer contribution / active EE

$809

$4,517-82.1%

$3,049-73.5%

$2,978-72.8%

Participant deferral / active EE

$3,509

$6,545-46.4%

$4,738-25.9%

$5,016-30.0%

Admin fee / account holder

$214

$105+104.2%

$8,875-97.6%

$145+47.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$226,177

AURORA PRIVATE WEALTH INC4 years

Filed as: AURORA PRIVATE WEALTH, INC.

Service code 27 · EIN 47-4814591

Advisory (Plan)

$140,540

BROOK & WHITTLE LTD1 year

Service code 25 · EIN 06-1452909

Directed Trustee

$83,617

ADP BROKER-DEALER2 years

Filed as: PENSION CONSULTANTS INC.

Service code 13 · EIN 06-1504963

Contract Administrator

$66,446

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,204

BROOK & WHITTLE LIMITED SECTION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BROOK & WHITTLE LIMITED SECTION 401(K) PROFIT SHARING 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