Retirement plan

BREAKTHRU BEVERAGE GROUP 40 L(K) PLAN

Name: BREAKTHRU BEVERAGE GROUP, LLC - BREAKTHRU BEVERAGE GROUP 40 L(K) PLAN (2023) 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 2023

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

Other plans on this EIN

3 filings

#005Retirement-$20.5M assets #007Retirement-$17.3M assets #002Retirement-$1.4M assets

Prospect flagsLow participationFailed to provide benefit

How to read this page

Total assets (EOY)

$609.1M

+22.5% from 2022

Total participants

7,635

-5.2% from 2022

Average account balance

$112,641

+20.6% from 2022

Annual return

24.44%

+28.91 pp from 2022

Benchmarks

See 48 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants5,000-9,999

Cohort48 peers

Snapshot2023

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 INSTITUTIONAL3+ years Service code 37 · EIN 04-2647786	Loan Processing	$382,533
STRATEGIC ADVISORS, INC.3+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$103,637
CAPFINANCIAL PARTNERS LLC3+ years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143	Advisory (Plan)	$76,344
SMITH & HOWARD, PC1 year Filed as: SMITH AND DOWNEY P.A Service code 16 · EIN 52-1839270	Consulting	$54,873
ELLIN & TUCKER, CHARTERED3+ years Service code 10 · EIN 52-0959934	Accounting	$40,500

Plan features & details

Pension benefit codes2K2T3H2E2F2G2J

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$658K

$105 / participant

Recordkeeping$382K58.0%
Investment mgmt$180K27.4%
Contract admin$9000.1%
Other / not subdivided$95K14.5%

% of EOY assets

0.108%

all-in expense ratio

Categories reported

3 / 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: $40,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,641

$84,149+33.9%

$130,070-13.4%

$103,657+8.7%

Participation rate

64.4%

81.0%-16.6pp

78.5%-14.1pp

73.4%-9.0pp

Annual return

24.44%

25.45%-1.0pp

-137.40%+161.8pp

33.13%-8.7pp

Employer contribution / active EE

$1,555

$2,687-42.1%

$4,322-64.0%

$3,216-51.6%

Participant deferral / active EE

$4,878

$5,201-6.2%

$5,821-16.2%

$5,218-6.5%

Admin fee / account holder

$122

$75+62.0%

$10,600-98.9%

$114+6.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 37 · EIN 04-2647786

Loan Processing

$382,533

STRATEGIC ADVISORS, INC.3+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$103,637

CAPFINANCIAL PARTNERS LLC3+ years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

Advisory (Plan)

$76,344

SMITH & HOWARD, PC1 year

Filed as: SMITH AND DOWNEY P.A

Service code 16 · EIN 52-1839270

Consulting

$54,873

ELLIN & TUCKER, CHARTERED3+ years

Service code 10 · EIN 52-0959934

Accounting

$40,500

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