Retirement plan

BROOKFIELD 401(K) SAVINGS PLAN

Name: BROOKFIELD ASSET MANAGEMENT LLC - BROOKFIELD 401(K) SAVINGS PLAN (2023) 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 2023

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$1143M

-6.6% from 2016

Total participants

8,630

+15.6% from 2016

Average account balance

$134,682

-14.0% from 2016

Annual return

17.69%

-10.56 pp from 2016

Benchmarks

See 1,192 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,192 peers

Snapshot2023

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO OF AME Service code 15 · EIN 84-0467907	Recordkeeping	$461,363
LT TRUST COMPANY7 years Filed as: MG TRUST COMPANY Service code 26 717 17TH STREET #1300 · DENVER, CO 80202	Advisory (Participants)	$397,608
GOODWIN PROCTER LLP5 years Filed as: GOODWIN PROCTER, LLP Service code 29 · EIN 04-1378465	Legal	$40,856
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$34,088

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

$1.0M

$200 / participant

Recordkeeping$461K44.9%
Investment mgmt$524K51.0%
Other / not subdivided$42K4.1%

% of EOY assets

0.090%

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: $40,856
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$134,682

$103,657+29.9%

$169,381-20.5%

$103,657+29.9%

Participation rate

97.2%

73.4%+23.8pp

77.2%+20.0pp

73.4%+23.8pp

Annual return

17.69%

33.13%-15.4pp

406.41%-388.7pp

33.13%-15.4pp

Employer contribution / active EE

$7,460

$3,216+132.0%

$4,013+85.9%

$3,216+132.0%

Participant deferral / active EE

$11,990

$5,218+129.8%

$6,224+92.6%

$5,218+129.8%

Admin fee / account holder

$121

$114+6.0%

$9,013-98.7%

$114+6.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO OF AME

Service code 15 · EIN 84-0467907

Recordkeeping

$461,363

LT TRUST COMPANY7 years

Filed as: MG TRUST COMPANY

Service code 26

717 17TH STREET #1300 · DENVER, CO 80202

Advisory (Participants)

$397,608

GOODWIN PROCTER LLP5 years

Filed as: GOODWIN PROCTER, LLP

Service code 29 · EIN 04-1378465

Legal

$40,856

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$34,088

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