Retirement plan

BREN-TRONICS, INC. 401(K) PROFIT SHARING PLAN

Name: BREN-TRONICS, INC. - BREN-TRONICS, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: BREN-TRONICS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BREN-TRONICS, INC. 401(K) PROFIT SHARING PLAN, BREN-TRONICS, INC.

BREN-TRONICS, INC.EIN 11-2291886Plan #001PY 2023

10 BRAYTON CT - COMMACK, NY 117253104631-499-5155bren-tronics.comLinkedIn201-500 employeesconsumer goods

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$28.5M

+19.1% from 2022

Total participants

292

-6.7% from 2022

Average account balance

$109,140

+25.5% from 2022

Annual return

16.81%

+33.35 pp from 2022

Benchmarks

See 1,234 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,234 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.49M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

279

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.

94.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.69M

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

+12.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$270

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290	Contract Administrator	$69,108
CETERA ADVISOR NETWORKS LLC2 years Service code 27 · EIN 95-3845382	Advisory (Plan)	$14,341
HERITAGE PENSION ADVISORS, LLC9+ years Filed as: HERITAGE ADMINISTRATIVE SERVICES LL Service code 49 · EIN 26-1662097	Other Services	$8,034
CETERA ADVISOR NETWORKS LLC1 year Filed as: CETERA INVESTMENT ADVISORS LLC Service code 27	Advisory (Plan)	$5,225
CETERA ADVISOR NETWORKS LLC1 year Filed as: CETERA INVESTMENT ADVISORS, LLC Service code 27 · EIN 36-3258176	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED2 years Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$69K

$279 / participant

Contract admin$69K100.0%

% of EOY assets

0.243%

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: GIAMBALVO, STALZER & CO, CPAS, PC
Auditor EIN: 113425754
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$109,140

$51,166+113.3%

$70,544+54.7%

$71,511+52.6%

Participation rate

87.5%

59.4%+28.1pp

68.4%+19.1pp

67.9%+19.6pp

Annual return

16.81%

42.71%-25.9pp

32.79%-16.0pp

28.86%-12.0pp

Employer contribution / active EE

$1,992

$1,793+11.1%

$2,976-33.1%

$2,589-23.1%

Participant deferral / active EE

$3,853

$3,031+27.2%

$4,568-15.6%

$4,291-10.2%

Admin fee / account holder

$265

$2,000-86.8%

$6,427-95.9%

$1,588-83.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY9+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$69,108

CETERA ADVISOR NETWORKS LLC2 years

Service code 27 · EIN 95-3845382

Advisory (Plan)

$14,341

HERITAGE PENSION ADVISORS, LLC9+ years

Filed as: HERITAGE ADMINISTRATIVE SERVICES LL

Service code 49 · EIN 26-1662097

Other Services

$8,034

CETERA ADVISOR NETWORKS LLC1 year

Filed as: CETERA INVESTMENT ADVISORS LLC

Service code 27

Advisory (Plan)

$5,225

CETERA ADVISOR NETWORKS LLC1 year

Filed as: CETERA INVESTMENT ADVISORS, LLC

Service code 27 · EIN 36-3258176

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED2 years

Filed as: WILSHIRE ADVISORS LLC

Service code 27 · EIN 95-2755361

Advisory (Plan)

BREN-TRONICS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BREN-TRONICS, INC. 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