Retirement plan

BRIGADE CAPITAL MANAGEMENT, LP INCENTIVE SAVINGS TRUST

Name: BRIGADE CAPITAL MANAGEMENT, LP - BRIGADE CAPITAL MANAGEMENT, LP INCENTIVE SAVINGS TRUST (2023) Form 5500
Creator: BRIGADE CAPITAL MANAGEMENT, LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRIGADE CAPITAL MANAGEMENT, LP INCENTIVE SAVINGS TRUST, BRIGADE CAPITAL MANAGEMENT, LP

BRIGADE CAPITAL MANAGEMENT, LPEIN 20-4895879Plan #001PY 2023

399 PARK AVENUE, 16TH FLOOR - NEW YORK, NY 10022212-745-9772brigadecapital.comLinkedIn51-200 employeesfinancial services

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$52.9M

+19.1% from 2022

Total participants

184

+4.0% from 2022

Average account balance

$290,899

+15.8% from 2022

Annual return

15.94%

+18.23 pp from 2022

Benchmarks

See 2,152 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,152 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.75M

Not enough data

1 years with asset history on file

Average account balance

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

$363K

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.

170

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.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.67M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

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

+16.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$670

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE6 years Service code 15 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$36,580
ASSUREDPARTNERS CAPITAL INC6 years Filed as: ASSUREDPARTNERS NORTHEAST, LLC Service code 22 · EIN 13-3866919 123 MAIN STREET · WHITE PLAINS, NY 106013114	Insurance Broker	$1,292
PENSIONMARK FINANCIAL GROUP LLC4 years Service code 28 · EIN 61-1758632 24 E. COTA ST STE 200 · SANTA BARBARA, CA 93101	Investment Management	$0

Plan features & details

Pension benefit codes2A2E2G2J3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$93K

$792 / participant

Other trustee fees$93K100.0%

% of EOY assets

0.176%

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: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$290,899

$130,294+123.3%

$170,043+71.1%

$71,511+306.8%

Participation rate

98.3%

86.2%+12.1pp

87.0%+11.3pp

67.9%+30.4pp

Annual return

15.94%

20.36%-4.4pp

53.40%-37.5pp

28.86%-12.9pp

Employer contribution / active EE

$10,914

$4,385+148.9%

$6,790+60.7%

$2,589+321.5%

Participant deferral / active EE

$19,039

$6,928+174.8%

$10,410+82.9%

$4,291+343.7%

Admin fee / account holder

$513

$966-46.9%

$12,824-96.0%

$1,588-67.7%

Provider

Service type

Compensation

NATIONWIDE6 years

Service code 15 · EIN 31-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$36,580

ASSUREDPARTNERS CAPITAL INC6 years

Filed as: ASSUREDPARTNERS NORTHEAST, LLC

Service code 22 · EIN 13-3866919

123 MAIN STREET · WHITE PLAINS, NY 106013114

Insurance Broker

$1,292

PENSIONMARK FINANCIAL GROUP LLC4 years

Service code 28 · EIN 61-1758632

24 E. COTA ST STE 200 · SANTA BARBARA, CA 93101

Investment Management

BRIGADE CAPITAL MANAGEMENT, LP INCENTIVE SAVINGS TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRIGADE CAPITAL MANAGEMENT, LP INCENTIVE SAVINGS TRUST

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