Retirement plan

BROTHERS ALUMINUM HOME IMPROVEMENT 401(K) PROFIT SHARING PLAN

Name: BROTHERS ALUMINUM HOME IMPROVEMENT CORP. - BROTHERS ALUMINUM HOME IMPROVEMENT 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: BROTHERS ALUMINUM HOME IMPROVEMENT CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BROTHERS ALUMINUM HOME IMPROVEMENT 401(K) PROFIT SHARING PLAN, BROTHERS ALUMINUM HOME IMPROVEMENT CORP.

BROTHERS ALUMINUM HOME IMPROVEMENT CORP.EIN 46-1705795Plan #001PY 2023

20 WEST LINCOLN AVE. - VALLEY STREAM, NY 11580516-996-7724

Other plans on this EIN

1 filing

#002Retirement-$2.8M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$1.7M

+37.5% from 2022

Total participants

0.0% from 2022

Average account balance

$424,921

No prior year

Annual return

21.36%

+41.43 pp from 2022

Benchmarks

See 51,624 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort51,624 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.70M

Not enough data

1 years with asset history on file

Average account balance

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

$425K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$199K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$50K

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

+21.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2H2J2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$424,921

$106,236+300.0%

$96,496+340.3%

$139,427+204.8%

Participation rate

100.0%

77.8%+22.2pp

74.3%+25.7pp

80.3%+19.7pp

Annual return

21.36%

38.43%-17.1pp

35.70%-14.3pp

373.27%-351.9pp

Employer contribution / active EE

$27,270

$4,104+564.5%

$3,738+629.5%

$4,752+473.9%

Participant deferral / active EE

$22,500

$5,455+312.5%

$4,879+361.2%

$6,711+235.3%

Admin fee / account holder

$7,879-100.0%

$6,731-100.0%

$11,404-100.0%

BROTHERS ALUMINUM HOME IMPROVEMENT 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

BROTHERS ALUMINUM HOME IMPROVEMENT 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion