Retirement plan

BRAUN RESEARCH 401(K)

Name: BRAUN RESEARCH - BRAUN RESEARCH 401(K) (2020) Form 5500
Creator: BRAUN RESEARCH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRAUN RESEARCH 401(K), BRAUN RESEARCH

BRAUN RESEARCHEIN 22-3408940Plan #001PY 2020

271 WALL STREET - PRINCETON, NJ 08540609-279-1600

Prospect flagsLow returnsHigh feesLow participationLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$3.6M

+7.6% from 2019

Total participants

110

+0.9% from 2019

Average account balance

$49,501

+10.6% from 2019

Annual return

11.02%

-7.10 pp from 2019

Benchmarks

See 26,426 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,426 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$2.33M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

71.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$306

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

+11.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3382

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
LEAR & PANNEPACKER LLP2 years Service code 10 · EIN 36-6071399	Accounting	$27,500
TRANSAMERICA RETIREMENT SOLUTIONS2 years Filed as: TRANSAMERICA FINANCIAL LIC Service code 15 · EIN 36-6071399	Recordkeeping	$19,318
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH LIFE AGENCY Service code 27 · EIN 13-2808480	Advisory (Plan)	$15,265
STALKER & ASSOCIATES, INC.5 years Filed as: STALKER & ASSOCIATES Service code 15 · EIN 23-2756743	Recordkeeping	$7,197

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$69K

$866 / participant

Contract admin$69K100.0%

% of EOY assets

1.917%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: LEAR & PANNEPACKER, LLP
Auditor EIN: 222947255
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,501

$98,750-49.9%

$149,696-66.9%

$79,858-38.0%

Participation rate

53.8%

75.8%-22.0pp

82.5%-28.7pp

69.6%-15.9pp

Annual return

11.02%

27.43%-16.4pp

276.60%-265.6pp

31.71%-20.7pp

Employer contribution / active EE

$42

$3,216-98.7%

$4,644-99.1%

$2,471-98.3%

Participant deferral / active EE

$2,391

$5,680-57.9%

$6,842-65.1%

$3,740-36.1%

Admin fee / account holder

$949

$6,053-84.3%

$9,309-89.8%

$5,306-82.1%

Provider

Service type

Compensation

LEAR & PANNEPACKER LLP2 years

Service code 10 · EIN 36-6071399

Accounting

$27,500

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Filed as: TRANSAMERICA FINANCIAL LIC

Service code 15 · EIN 36-6071399

Recordkeeping

$19,318

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH LIFE AGENCY

Service code 27 · EIN 13-2808480

Advisory (Plan)

$15,265

STALKER & ASSOCIATES, INC.5 years

Filed as: STALKER & ASSOCIATES

Service code 15 · EIN 23-2756743

Recordkeeping

$7,197

BRAUN RESEARCH 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRAUN RESEARCH 401(K)

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