Retirement plan

W.H. BRAUM, INC. PROFIT SHARING PLUS PLAN

Name: W.H. BRAUM, INC. - W.H. BRAUM, INC. PROFIT SHARING PLUS PLAN (2017) Form 5500
Creator: W.H. BRAUM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, W.H. BRAUM, INC. PROFIT SHARING PLUS PLAN, W.H. BRAUM, INC.

W.H. BRAUM, INC.EIN 30-0288982Plan #002PY 2017

3000 NE 63RD STREET - OKLAHOMA CITY, OK 73121405-478-1656LinkedIn10001+ employeesrestaurants

Prospect flagsHigh cashLow participationCorrective distributions

How to read this page

Total assets (EOY)

$41M

+16.3% from 2016

Total participants

2,787

-24.6% from 2016

Average account balance

$60,768

+10.8% from 2016

Annual return

15.20%

+9.07 pp from 2016

Benchmarks

See 331 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort331 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$55.23M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

778

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.

23.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.70M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+14.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$72

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
THE BANK OF NEW YORK MELLON3+ years Filed as: BANK OF OKLAHOMA Service code 16 · EIN 73-0780382	Consulting	$30,000
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 37 · EIN 04-2647786	Loan Processing	$14,074
BOKF, NA1 year Filed as: BOK FINCIAL Service code 16 · EIN 79-0780382	Consulting	$10,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$54K

$20 / participant

Other / not subdivided$54K100.0%

% of EOY assets

0.132%

all-in expense ratio

Categories reported

0 / 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: CPA OKC, LLC
Auditor EIN: 472242686
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,768

$38,833+56.5%

$78,778-22.9%

$77,958-22.0%

Participation rate

21.4%

60.9%-39.5pp

69.2%-47.7pp

71.6%-50.2pp

Annual return

15.20%

20.31%-5.1pp

35.62%-20.4pp

20.87%-5.7pp

Employer contribution / active EE

$317

$840-62.2%

$1,986-84.0%

$2,310-86.3%

Participant deferral / active EE

$802

$1,776-54.8%

$2,958-72.9%

$3,537-77.3%

Admin fee / account holder

$80

$89-9.9%

$5,134-98.4%

$97-17.6%

Provider

Service type

Compensation

THE BANK OF NEW YORK MELLON3+ years

Filed as: BANK OF OKLAHOMA

Service code 16 · EIN 73-0780382

Consulting

$30,000

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 37 · EIN 04-2647786

Loan Processing

$14,074

BOKF, NA1 year

Filed as: BOK FINCIAL

Service code 16 · EIN 79-0780382

Consulting

$10,000

W.H. BRAUM, INC. PROFIT SHARING PLUS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

W.H. BRAUM, INC. PROFIT SHARING PLUS 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