Retirement plan

BROWN DISTRIBUTING COMPANY EMPLOYEE THRIFT PLAN

Name: BROWN DISTRIBUTING COMPANY, INC. - BROWN DISTRIBUTING COMPANY EMPLOYEE THRIFT PLAN (2020) Form 5500
Creator: BROWN DISTRIBUTING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BROWN DISTRIBUTING COMPANY EMPLOYEE THRIFT PLAN, BROWN DISTRIBUTING COMPANY, INC.

BROWN DISTRIBUTING COMPANY, INC.EIN 54-0568406Plan #002PY 2020

1300 ALLENDALE ROAD - WEST PALM BEACH, FL 33405561-671-1241brown.comLinkedIn201-500 employeeswholesale

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$13.3M

+7.4% from 2019

Total participants

570

-22.8% from 2019

Average account balance

$28,766

+37.7% from 2019

Annual return

12.73%

-8.34 pp from 2019

Benchmarks

See 1,266 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,266 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.88M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

275

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.

89.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$769K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$256

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Filed as: GREAT-WEST LIFE & ANNUUITY INS. CO. Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$35,591
ASCENSUS LLC3 years Filed as: ASSET ADVISORS OF AMERICA, LLC Service code 27 4915 W CYPRESS ST · TAMPA, FL 33607	Advisory (Plan)	$22,151
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS INC DBA FUTUREPL Service code 13 200 DRYDEN RD · DRESHER, PA 19025	Contract Administrator	$20,019
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS INC DBA FUTUREPLA Service code 13	Contract Administrator	$11,052
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$10,006
AMERIPRISE FINANCIAL SERVICES INC1 year Filed as: AMERIPRISE FINANCIAL SERVICES LLC Service code 27 70100 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474	Advisory (Plan)	$7,426

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$111K

$234 / participant

Contract admin$90K80.4%
Other / not subdivided$22K19.6%

% of EOY assets

0.841%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PARKS & COMPANY, LLC
Auditor EIN: 261453539
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,766

$78,419-63.3%

$133,978-78.5%

$73,412-60.8%

Participation rate

77.1%

78.6%-1.4pp

79.8%-2.7pp

72.2%+5.0pp

Annual return

12.73%

33.35%-20.6pp

45.10%-32.4pp

59.30%-46.6pp

Employer contribution / active EE

$734

$2,044-64.1%

$3,919-81.3%

$2,234-67.2%

Participant deferral / active EE

$1,987

$3,925-49.4%

$5,047-60.6%

$3,806-47.8%

Admin fee / account holder

$242

$161+49.9%

$8,930-97.3%

$158+53.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Filed as: GREAT-WEST LIFE & ANNUUITY INS. CO.

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$35,591

ASCENSUS LLC3 years

Filed as: ASSET ADVISORS OF AMERICA, LLC

Service code 27

4915 W CYPRESS ST · TAMPA, FL 33607

Advisory (Plan)

$22,151

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDINGS INC DBA FUTUREPL

Service code 13

200 DRYDEN RD · DRESHER, PA 19025

Contract Administrator

$20,019

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDINGS INC DBA FUTUREPLA

Service code 13

Contract Administrator

$11,052

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$10,006

AMERIPRISE FINANCIAL SERVICES INC1 year

Filed as: AMERIPRISE FINANCIAL SERVICES LLC

Service code 27

70100 AMERIPRISE FINANCIAL CENTER · MINNEAPOLIS, MN 55474

Advisory (Plan)

$7,426

BROWN DISTRIBUTING COMPANY EMPLOYEE THRIFT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BROWN DISTRIBUTING COMPANY EMPLOYEE THRIFT 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