Retirement plan

BROWN-WILBERT, INC. PROFIT SHARING PLAN AND TRUST

Name: BROWN-WILBERT, INC. - BROWN-WILBERT, INC. PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: BROWN-WILBERT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BROWN-WILBERT, INC. PROFIT SHARING PLAN AND TRUST, BROWN-WILBERT, INC.

BROWN-WILBERT, INC.EIN 41-1821767Plan #001PY 2024

2280 HAMLINE AVENUE NORTH - ROSEVILLE, MN 55113651-631-1234brownwilbert.comLinkedIn51-200 employeeswholesale

Prospect flagsLow returnsLow employer contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed August 11, 1998

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$4.7M

-5.2% from 2023

Total participants

158

+1.9% from 2023

Average account balance

$35,292

-13.0% from 2023

Annual return

7.68%

-7.30 pp from 2023

Benchmarks

See 1,845 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,845 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$4.73M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

134

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.

77.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$365K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+7.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$255

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 5 by compensation

Provider	Service type	Compensation
KESTRA INVESTMENT SERVICES LLC3 years Filed as: KESTRA ADVISORY SERVICES LLC Service code 27 · EIN 35-2552359 5707 SWST PRKWY BLDG 2 · AUSTIN, TX 78735	Advisory (Plan)	$27,478
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 AMERICA · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$20,261
TAX SHELTERED COMPENSATION, INC.1 year Filed as: TAX SHELTERED COMPENSATION Service code 49 7365 KIRKWOOD CT N STE 200 · MAPLE GROVE, MN 55369	Other Services	$15,407
TSC 401K2 years Service code 13 7365 KIRKWOOD CT N STE 200 · MAPLE GROVE, MN 55369	Contract Administrator	$4,516
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$194

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$34K

$316 / participant

Other / not subdivided$34K100.0%

% of EOY assets

0.723%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LETHERT, SKWIRA, SCHULTZ & CO. LLP
Auditor EIN: 410738189
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,292

$78,636-55.1%

$105,607-66.6%

$74,459-52.6%

Participation rate

77.8%

72.8%+5.0pp

75.3%+2.5pp

67.2%+10.6pp

Annual return

7.68%

15.96%-8.3pp

116.11%-108.4pp

1369.70%-1362.0pp

Employer contribution / active EE

$69

$2,523-97.3%

$3,167-97.8%

$2,626-97.4%

Participant deferral / active EE

$3,314

$4,322-23.3%

$5,011-33.9%

$4,350-23.8%

Admin fee / account holder

$255

$2,220-88.5%

$10,958-97.7%

$1,945-86.9%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC3 years

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 27 · EIN 35-2552359

5707 SWST PRKWY BLDG 2 · AUSTIN, TX 78735

Advisory (Plan)

$27,478

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

AMERICA · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$20,261

TAX SHELTERED COMPENSATION, INC.1 year

Filed as: TAX SHELTERED COMPENSATION

Service code 49

7365 KIRKWOOD CT N STE 200 · MAPLE GROVE, MN 55369

Other Services

$15,407

TSC 401K2 years

Service code 13

7365 KIRKWOOD CT N STE 200 · MAPLE GROVE, MN 55369

Contract Administrator

$4,516

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$194

BROWN-WILBERT, INC. PROFIT SHARING PLAN AND TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BROWN-WILBERT, INC. PROFIT SHARING PLAN AND TRUST

Top hat statement on fileNQDC

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