Retirement plan

BRUNO INDEPENDENT LIVING AIDS, INC. 401(K) PLAN AND TRUST

Name: BRUNO INDEPENDENT LIVING AIDS, INC. - BRUNO INDEPENDENT LIVING AIDS, INC. 401(K) PLAN AND TRUST (2024) Form 5500
Creator: BRUNO INDEPENDENT LIVING AIDS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRUNO INDEPENDENT LIVING AIDS, INC. 401(K) PLAN AND TRUST, BRUNO INDEPENDENT LIVING AIDS, INC.

BRUNO INDEPENDENT LIVING AIDS, INC.EIN 35-1583691Plan #001PY 2024

1780 EXECUTIVE DRIVE - OCONOMOWOC, WI 530664830262-953-5398bruno.comLinkedIn201-500 employeesconsumer goods

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$39.1M

+16.0% from 2023

Total participants

496

+5.5% from 2023

Average account balance

$83,633

+8.0% from 2023

Annual return

9.77%

-2.69 pp from 2023

Benchmarks

See 2,380 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,380 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.14M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

468

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.

93.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+9.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$354

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 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION8 years Service code 13 · EIN 35-0472300	Contract Administrator	$111,073
UBS FINANCIAL SERVICES INC10+ years Filed as: UBS FINANCIAL SERVICES, INC. Service code 70 · EIN 13-2638166	Consulting Fees	$54,372

Plan features & details

Pension benefit codes2E2F2G2J2K2T2S3D

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.
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.
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

3 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$165K

$405 / participant

Investment mgmt$54K32.9%
Contract admin$111K67.1%

% of EOY assets

0.423%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,633

$89,093-6.1%

$102,434-18.4%

$77,736+7.6%

Participation rate

93.2%

80.9%+12.2pp

76.5%+16.6pp

70.6%+22.6pp

Annual return

9.77%

25.03%-15.3pp

29.46%-19.7pp

31.26%-21.5pp

Employer contribution / active EE

$1,461

$2,699-45.9%

$3,023-51.7%

$2,728-46.4%

Participant deferral / active EE

$6,369

$5,147+23.8%

$5,055+26.0%

$4,651+37.0%

Admin fee / account holder

$354

$236+49.9%

$9,462-96.3%

$433-18.4%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION8 years

Service code 13 · EIN 35-0472300

Contract Administrator

$111,073

UBS FINANCIAL SERVICES INC10+ years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 70 · EIN 13-2638166

Consulting Fees

$54,372

BRUNO INDEPENDENT LIVING AIDS, INC. 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRUNO INDEPENDENT LIVING AIDS, INC. 401(K) PLAN AND 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