Retirement plan

BREAKTHRU BEVERAGE GROUP 40 L(K) PLAN

Name: BREAKTHRU BEVERAGE GROUP, LLC - BREAKTHRU BEVERAGE GROUP 40 L(K) PLAN (2024) Form 5500
Creator: BREAKTHRU BEVERAGE GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BREAKTHRU BEVERAGE GROUP 40 L(K) PLAN, BREAKTHRU BEVERAGE GROUP, LLC

BREAKTHRU BEVERAGE GROUP, LLCEIN 35-2545107Plan #001PY 2024

60 EAST 42ND STREET, FLOOR 49 - NEW YORK, NY 10165212-699-7000

Other plans on this EIN

3 filings

#005Retirement-$24.3M assets #007Retirement-$19.8M assets #002Retirement-$1.5M assets

Prospect flagsLow participationLow employer contributionFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$768.8M

+22.5% from 2022

Total participants

9,327

-5.2% from 2022

Average account balance

$129,257

+20.6% from 2022

Annual return

33.27%

+28.91 pp from 2022

Benchmarks

See 43 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants5,000-9,999

Cohort43 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$768.82M

Not enough data

1 years with asset history on file

Average account balance

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

$129K

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.

5,948

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.

57.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$44.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+33.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$132

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 5 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 37 · EIN 04-2647786	Loan Processing	$435,664
STRATEGIC ADVISORS, INC.4+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$156,485
SMITH & HOWARD, PC2 years Filed as: SMITH AND DOWNEY P.A Service code 16 · EIN 52-1839270	Consulting	$85,510
CAPFINANCIAL PARTNERS LLC4+ years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 16 · EIN 26-0058143	Consulting	$67,900
ELLIN & TUCKER, CHARTERED1 year Filed as: ELLIN & TUCKER Service code 10 · EIN 52-0959934	Accounting	$42,000

Plan features & details

Pension benefit codes3H2E2F2G2J2K2T

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.
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

4 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.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$788K

$100 / participant

Recordkeeping$434K55.1%
Investment mgmt$156K19.9%
Legal$76K9.7%
Contract admin$2K0.3%
Other / not subdivided$119K15.1%

% of EOY assets

0.102%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ELLIN & TUCKER, CHARTERED
Auditor EIN: 520959934
Audit fees: $42,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$129,257

$93,462+38.3%

$165,100-21.7%

$99,313+30.2%

Participation rate

57.1%

79.9%-22.8pp

78.6%-21.5pp

71.7%-14.6pp

Annual return

33.27%

15.71%+17.6pp

70.21%-36.9pp

17.67%+15.6pp

Employer contribution / active EE

$1,371

$3,099-55.8%

$4,348-68.5%

$3,264-58.0%

Participant deferral / active EE

$4,317

$5,366-19.6%

$6,035-28.5%

$5,346-19.2%

Admin fee / account holder

$132

$81+62.7%

$12,696-99.0%

$109+21.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 37 · EIN 04-2647786

Loan Processing

$435,664

STRATEGIC ADVISORS, INC.4+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$156,485

SMITH & HOWARD, PC2 years

Filed as: SMITH AND DOWNEY P.A

Service code 16 · EIN 52-1839270

Consulting

$85,510

CAPFINANCIAL PARTNERS LLC4+ years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 16 · EIN 26-0058143

Consulting

$67,900

ELLIN & TUCKER, CHARTERED1 year

Filed as: ELLIN & TUCKER

Service code 10 · EIN 52-0959934

Accounting

$42,000

BREAKTHRU BEVERAGE GROUP 40 L(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BREAKTHRU BEVERAGE GROUP 40 L(K) 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