Retirement plan

BRI-TECH, INC. 401(K) PLAN

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

BRI-TECH, INC.EIN 11-3089945Plan #001PY 2024

829 LINCOLN AVENUE - BOHEMIA, NY 11716631-563-8000vestedmetals.netLinkedIn11-50 employeeselectrical/electronic manufacturing

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$2.7M

+23.3% from 2023

Total participants

+7.1% from 2023

Average account balance

$124,619

+23.3% from 2023

Annual return

14.22%

+14.22 pp from 2023

Benchmarks

See 9,339 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,339 peers

Snapshot2024

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

Analytics

Less than 3 years of history available for this plan

We'll show a chart here once at least 3 consecutive filings are on record.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J2F2G3D

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.
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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$3K

$140 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.128%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$124,619

$71,197+75.0%

$93,669+33.0%

$80,925+54.0%

Participation rate

68.0%

60.4%+7.6pp

68.7%-0.7pp

67.7%+0.3pp

Annual return

14.22%

11.27%+3.0pp

133.59%-119.4pp

35.65%-21.4pp

Employer contribution / active EE

$2,408

$1,565+53.9%

$2,424-0.6%

$2,756-12.6%

Participant deferral / active EE

$5,773

$4,036+43.1%

$4,416+30.7%

$4,299+34.3%

Admin fee / account holder

$159

$6,959-97.7%

$8,291-98.1%

$6,940-97.7%

BRI-TECH, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRI-TECH, INC. 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