Retirement plan

BRASWELL FOODS 401(K) PLAN

Name: BRASWELL MILLING COMPANY, INC. - BRASWELL FOODS 401(K) PLAN (2017) Form 5500
Creator: BRASWELL MILLING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRASWELL FOODS 401(K) PLAN, BRASWELL MILLING COMPANY, INC.

BRASWELL MILLING COMPANY, INC.dba BRASWELL FOODSEIN 56-0812535Plan #003PY 2017

P.O. BOX 669 - NASHVILLE, NC 27856252-459-2143braswellfamilyfarms.comLinkedIn201-500 employeesfood production

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$13.6M

+4.7% from 2016

Total participants

156

-9.8% from 2016

Average account balance

$87,356

+14.1% from 2016

Annual return

12.33%

+5.14 pp from 2016

Benchmarks

See 935 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort935 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.55M

Not enough data

1 years with asset history on file

Average account balance

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

$116K

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.

168

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.

94.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+12.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$465

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
STIFEL NICOLAUS & CO INC3+ years Filed as: STIFEL INVESTMENT SERVICES Service code 27 · EIN 43-1273600	Advisory (Plan)	$42,042
STANLEY BENEFIT SERVICES, INC.3+ years Filed as: STANLEY BENEFIT SERVICES Service code 15 · EIN 20-4006400	Recordkeeping	$23,044
FUND DIRECT ADVISORS3+ years Service code 26 · EIN 27-3584365	Advisory (Participants)	$15,057
BUNCH & COMPANY3+ years Service code 10 · EIN 56-1852200	Accounting	$7,900
TD AMERITRADE, INC.2 years Filed as: TD AMERITRADE Service code 21 P.O.BOX 17748 · DENVER, CO 80217	Bank Trustee	$5,532

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$64K

$470 / participant

Other / not subdivided$64K100.0%

% of EOY assets

0.469%

all-in expense ratio

Categories reported

0 / 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: BUNCH & COMPANY LLP
Auditor EIN: 561852200
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,356

$50,385+73.4%

$75,501+15.7%

$62,293+40.2%

Participation rate

100.0%

67.7%+32.3pp

72.4%+27.6pp

69.5%+30.5pp

Annual return

12.33%

19.90%-7.6pp

27.35%-15.0pp

28.90%-16.6pp

Employer contribution / active EE

$4,641

$1,537+201.9%

$2,352+97.3%

$2,042+127.3%

Participant deferral / active EE

$2,660

$2,445+8.8%

$3,142-15.3%

$3,169-16.1%

Admin fee / account holder

$410

$384+6.7%

$5,801-92.9%

$479-14.5%

Provider

Service type

Compensation

STIFEL NICOLAUS & CO INC3+ years

Filed as: STIFEL INVESTMENT SERVICES

Service code 27 · EIN 43-1273600

Advisory (Plan)

$42,042

STANLEY BENEFIT SERVICES, INC.3+ years

Filed as: STANLEY BENEFIT SERVICES

Service code 15 · EIN 20-4006400

Recordkeeping

$23,044

FUND DIRECT ADVISORS3+ years

Service code 26 · EIN 27-3584365

Advisory (Participants)

$15,057

BUNCH & COMPANY3+ years

Service code 10 · EIN 56-1852200

Accounting

$7,900

TD AMERITRADE, INC.2 years

Filed as: TD AMERITRADE

Service code 21

P.O.BOX 17748 · DENVER, CO 80217

Bank Trustee

$5,532

BRASWELL FOODS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRASWELL FOODS 401(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