Retirement plan

BROOKFIELD 401(K) SAVINGS PLAN

Name: BROOKFIELD ASSET MANAGEMENT LLC - BROOKFIELD 401(K) SAVINGS PLAN (2024) Form 5500
Creator: BROOKFIELD ASSET MANAGEMENT LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BROOKFIELD 401(K) SAVINGS PLAN, BROOKFIELD ASSET MANAGEMENT LLC

BROOKFIELD ASSET MANAGEMENT LLCEIN 20-4473811Plan #002PY 2024

127 PUBLIC SQUARE - CLEVELAND, OH 44114216-416-3971

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$1226.1M

+7.3% from 2023

Total participants

8,312

-3.7% from 2023

Average account balance

$150,918

+12.1% from 2023

Annual return

14.89%

-2.80 pp from 2023

Benchmarks

See 154 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants1,000-4,999

Cohort154 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.23B

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

8,124

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.

96.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$93.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+14.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$118

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE CO OF AME Service code 15 · EIN 84-0467907	Recordkeeping	$460,676
LT TRUST COMPANY8 years Filed as: MG TRUST COMPANY Service code 26 717 17TH STREET #1300 · DENVER, CO 80202	Advisory (Participants)	$206,405
NEPC, LLC9 years Filed as: NEPC LLC Service code 13 DEPT 3570 BOX 4410 · WOBURN, MA 10888	Contract Administrator	$100,000
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$93,855
BAKER TILLY US, LLP1 year Filed as: BAKER TILLY US LLP Service code 10 2599 WILMINGTON RD · NEW CASTLE, PA 16105	Accounting	$68,250
WINSTON & STRAWN LLP1 year Service code 29 101 CALIFORNIA STREET · SAN FRANCISCO, CA 941115802	Legal	$26,229

Plan features & details

Pension benefit codes2E2F2G2J2R2T3F

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$956K

$199 / participant

Recordkeeping$555K58.0%
Investment mgmt$307K32.1%
Other / not subdivided$94K9.9%

% of EOY assets

0.078%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: $94,479
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$150,918

$58,644+157.3%

$178,528-15.5%

$199,921-24.5%

Participation rate

96.1%

65.5%+30.6pp

77.1%+19.0pp

72.0%+24.1pp

Annual return

14.89%

19.25%-4.4pp

27.11%-12.2pp

34.28%-19.4pp

Employer contribution / active EE

$7,517

$1,801+317.3%

$3,950+90.3%

$3,035+147.6%

Participant deferral / active EE

$12,045

$4,248+183.6%

$6,278+91.9%

$5,089+136.7%

Admin fee / account holder

$118

$145-19.1%

$10,419-98.9%

$269-56.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE CO OF AME

Service code 15 · EIN 84-0467907

Recordkeeping

$460,676

LT TRUST COMPANY8 years

Filed as: MG TRUST COMPANY

Service code 26

717 17TH STREET #1300 · DENVER, CO 80202

Advisory (Participants)

$206,405

NEPC, LLC9 years

Filed as: NEPC LLC

Service code 13

DEPT 3570 BOX 4410 · WOBURN, MA 10888

Contract Administrator

$100,000

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$93,855

BAKER TILLY US, LLP1 year

Filed as: BAKER TILLY US LLP

Service code 10

2599 WILMINGTON RD · NEW CASTLE, PA 16105

Accounting

$68,250

WINSTON & STRAWN LLP1 year

Service code 29

101 CALIFORNIA STREET · SAN FRANCISCO, CA 941115802

Legal

$26,229

BROOKFIELD 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BROOKFIELD 401(K) 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