Retirement plan

B. BRAUN MEDICAL INC. SAVINGS PLAN

Name: B. BRAUN MEDICAL INC. - B. BRAUN MEDICAL INC. SAVINGS PLAN (2016) Form 5500
Creator: B. BRAUN MEDICAL INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, B. BRAUN MEDICAL INC. SAVINGS PLAN, B. BRAUN MEDICAL INC.

B. BRAUN MEDICAL INC.EIN 23-2116774Plan #003PY 2016

824 TWELFTH AVE - BETHLEHEM, PA 18018610-691-5400

Other plans on this EIN

1 filing

#002Retirement-$80.9M assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed July 19, 2022

Plan administrator

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824 12th Avenue

Bethlehem, PA 18018

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Plans declared (1)

Plan name not on file545 emp

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Total assets (EOY)

$491M

-8.6% from 2016

Total participants

5,763

-5.8% from 2016

Average account balance

$94,292

+0.9% from 2016

Annual return

7.92%

-7.25 pp from 2016

Benchmarks

See 780 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort780 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$977.34M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

7,286

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.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$73.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+14.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$99

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.1 year Filed as: MILLIMAN Service code 16 1 PENN PLAZA · NEW YORK, NY 10119	Consulting	$58,333
T ROWE PRICE RPS INC2+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$35,711
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN LEWIS BOCKIUS LLP Service code 29 ONE OXFORD CENTRE · PITTSBURGH, PA 15219	Legal	$5,914

Plan features & details

Pension benefit codes2E2G2J2S2T3J3H

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$109K

$22 / participant

Investment mgmt$1K1.2%
Other / not subdivided$107K98.8%

% of EOY assets

0.022%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PRICEWATERHOUSECOOPERS
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$94,292

$80,211+17.6%

$74,184+27.1%

$63,975+47.4%

Participation rate

88.7%

84.2%+4.5pp

76.6%+12.1pp

71.1%+17.5pp

Annual return

7.92%

14.13%-6.2pp

17.74%-9.8pp

48.65%-40.7pp

Employer contribution / active EE

$2,043

$2,553-20.0%

$2,370-13.8%

$2,182-6.4%

Participant deferral / active EE

$4,936

$4,370+12.9%

$3,550+39.0%

$3,356+47.1%

Admin fee / account holder

$21

$67-69.0%

$5,586-99.6%

$70-70.4%

Provider

Service type

Compensation

MILLIMAN, INC.1 year

Filed as: MILLIMAN

Service code 16

1 PENN PLAZA · NEW YORK, NY 10119

Consulting

$58,333

T ROWE PRICE RPS INC2+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$35,711

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN LEWIS BOCKIUS LLP

Service code 29

ONE OXFORD CENTRE · PITTSBURGH, PA 15219

Legal

$5,914

B. BRAUN MEDICAL INC. SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

B. BRAUN MEDICAL INC. SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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