Retirement plan

BEST BRANDS CONSUMER PRODUCTS INC., 401-K SALARY SAVINGS PLAN

Name: BEST BRANDS CONSUMER PRODUCTS, INC. - BEST BRANDS CONSUMER PRODUCTS INC., 401-K SALARY SAVINGS PLAN (2023) Form 5500
Creator: BEST BRANDS CONSUMER PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BEST BRANDS CONSUMER PRODUCTS INC., 401-K SALARY SAVINGS PLAN, BEST BRANDS CONSUMER PRODUCTS, INC.

BEST BRANDS CONSUMER PRODUCTS, INC.EIN 22-2412661Plan #002PY 2023

34 WEST 33RD STREET, 5TH FLOOR - NEW YORK, NY 10001212-684-7456LinkedIn11-50 employeeswholesale

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$421K

+134.7% from 2022

Total participants

+100.0% from 2022

Average account balance

$70,235

+17.3% from 2022

Annual return

106.83%

+173.27 pp from 2022

Benchmarks

See 4,367 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort4,367 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$468K

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

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

$70,235

$95,601-26.5%

$77,183-9.0%

$139,456-49.6%

Participation rate

100.0%

74.0%+26.0pp

69.6%+30.4pp

80.3%+19.7pp

Annual return

106.83%

54.96%+51.9pp

37.89%+68.9pp

373.45%-266.6pp

Employer contribution / active EE

$3,145-100.0%

$2,534-100.0%

$4,753-100.0%

Participant deferral / active EE

$8,333

$4,623+80.3%

$3,833+117.4%

$6,711+24.2%

Admin fee / account holder

$8,302-100.0%

$5,475-100.0%

$11,407-100.0%

BEST BRANDS CONSUMER PRODUCTS INC., 401-K SALARY SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

BEST BRANDS CONSUMER PRODUCTS INC., 401-K SALARY SAVINGS PLAN

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