Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF BEHRMAN BROTHERS MANAGEMENT COMPANY LP

Name: BEHRMAN BROTHERS MANAGEMENT COMPANY LP - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF BEHRMAN BROTHERS MANAGEMENT COMPANY LP (2023) Form 5500
Creator: BEHRMAN BROTHERS MANAGEMENT COMPANY LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF BEHRMAN BROTHERS MANAGEMENT COMPANY LP, BEHRMAN BROTHERS MANAGEMENT COMPANY LP

BEHRMAN BROTHERS MANAGEMENT COMPANY LPEIN 13-3601102Plan #001PY 2023

126 E 56TH ST - NEW YORK, NY 100223613212-339-1611

Prospect flagsLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$4.7M

+23.3% from 2022

Total participants

-7.7% from 2022

Average account balance

$196,636

+23.3% from 2022

Annual return

16.66%

+34.08 pp from 2022

Benchmarks

See 499 peers

Peer group

IndustryUnknown

Plan typeDefined contribution

Participants<25

Cohort499 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.81M

Not enough data

1 years with asset history on file

Average account balance

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

$252K

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.

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.

135.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$294K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+16.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8589

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

0 years with F_SCH_H allocation on file

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

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 codes2G3D2J2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$196,636

$64,252+206.0%

$139,456+41.0%

Participation rate

100.0%

66.3%+33.7pp

80.3%+19.7pp

Annual return

16.66%

4.96%+11.7pp

373.45%-356.8pp

Employer contribution / active EE

$6,851-100.0%

$4,753-100.0%

Participant deferral / active EE

$16,977

$2,945+476.4%

$6,711+153.0%

Admin fee / account holder

$3,908-100.0%

$11,407-100.0%

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF BEHRMAN BROTHERS MANAGEMENT COMPANY LP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF BEHRMAN BROTHERS MANAGEMENT COMPANY LP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion