Retirement plan

FRANK BRUNCKHORST COMPANY UNION 401(K) RETIREMENT SAVINGS PLAN

Name: FRANK BRUNCKHORST CO., LLC - FRANK BRUNCKHORST COMPANY UNION 401(K) RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: FRANK BRUNCKHORST CO., LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRANK BRUNCKHORST COMPANY UNION 401(K) RETIREMENT SAVINGS PLAN, FRANK BRUNCKHORST CO., LLC

FRANK BRUNCKHORST CO., LLCEIN 11-0589012Plan #010PY 2023

1819 MAIN STREET, SUITE 800 - SARASOTA, FL 34236718-456-3600LinkedIn11-50 employeesfood production

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$4M

+25.3% from 2022

Total participants

194

+5.4% from 2022

Average account balance

$31,119

+21.5% from 2022

Annual return

14.99%

+28.22 pp from 2022

Benchmarks

See 938 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort938 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.53M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

139

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.

71.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$505K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$279

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
TRITON SERVICES CORPORATION9+ years Service code 15 · EIN 11-3187413 4114 LEGATO ROAD SUITE 300 · FAIRFAX, VA 22033	Recordkeeping	$13,670
GLOBAL RETIREMENT PARTNERS LLC7 years Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 33 · EIN 47-1411118 4340 REDWOOD HWY · SAN RAFAEL, CA 94903	Securities brokerage	$13,036
NATIONWIDE9+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$2,102

Plan features & details

Pension benefit codes2F2G2J2T3D

Plan features

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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$29K

$164 / participant

Contract admin$29K100.0%

% of EOY assets

0.718%

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: PRICEWATERHOUSECOOPERS, LLC
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,119

$56,438-44.9%

$76,872-59.5%

$71,511-56.5%

Participation rate

63.1%

64.3%-1.2pp

69.6%-6.5pp

67.9%-4.9pp

Annual return

14.99%

19.05%-4.1pp

37.90%-22.9pp

28.86%-13.9pp

Employer contribution / active EE

$1,864-100.0%

$2,533-100.0%

$2,589-100.0%

Participant deferral / active EE

$2,666

$3,136-15.0%

$3,832-30.4%

$4,291-37.9%

Admin fee / account holder

$223

$1,430-84.4%

$5,476-95.9%

$1,588-85.9%

Provider

Service type

Compensation

TRITON SERVICES CORPORATION9+ years

Service code 15 · EIN 11-3187413

4114 LEGATO ROAD SUITE 300 · FAIRFAX, VA 22033

Recordkeeping

$13,670

GLOBAL RETIREMENT PARTNERS LLC7 years

Filed as: GLOBAL RETIREMENT PARTNERS, LLC

Service code 33 · EIN 47-1411118

4340 REDWOOD HWY · SAN RAFAEL, CA 94903

Securities brokerage

$13,036

NATIONWIDE9+ years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$2,102

FRANK BRUNCKHORST COMPANY UNION 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRANK BRUNCKHORST COMPANY UNION 401(K) RETIREMENT SAVINGS 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