Retirement plan

BROWN & RIDING INSURANCE SERVICES, INC. EMPLOYEES' 401(K) PLAN

Name: BROWN & RIDING INSURANCE SERVICES, INC. - BROWN & RIDING INSURANCE SERVICES, INC. EMPLOYEES' 401(K) PLAN (2020) Form 5500
Creator: BROWN & RIDING INSURANCE SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BROWN & RIDING INSURANCE SERVICES, INC. EMPLOYEES' 401(K) PLAN, BROWN & RIDING INSURANCE SERVICES, INC.

BROWN & RIDING INSURANCE SERVICES, INC.EIN 94-2679254Plan #003PY 2020

777 SOUTH FIGUEROA STREET SUITE 255 - LOS ANGELES, CA 90017213-593-3464LinkedIn1-10 employeeselectrical/electronic manufacturing

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$38M

+23.3% from 2019

Total participants

344

+6.8% from 2019

Average account balance

$110,923

+14.6% from 2019

Annual return

14.96%

-7.30 pp from 2019

Benchmarks

See 1,455 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,455 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$56.29M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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.

496

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.

98.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+11.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$409

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Service code 15 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping	$41,133
HORNOR TOWNSEND & KENT INC3 years Filed as: HORNOR TOWNSEND & KENT LLC Service code 27 PO BOX 822215 · PHILADELPHIA, PA 191822215	Advisory (Plan)	$39,984
RESOURCES INVESTMENT ADVISORS LLC1 year Service code 27 4860 COLLEGE BLVD STE 100 · LEAWOOD, KS 66211	Advisory (Plan)	$17,193
KESTRA INVESTMENT SERVICES LLC5 years Service code 27 5707 SOUTHWEST PKWY · AUSTIN, TX 78735	Advisory (Plan)	$15,275

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3B

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$114K

$393 / participant

Investment mgmt$72K63.8%
Contract admin$41K36.2%

% of EOY assets

0.299%

all-in expense ratio

Categories reported

2 / 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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,923

$111,608-0.6%

$177,848-37.6%

$73,412+51.1%

Participation rate

99.7%

87.9%+11.8pp

87.7%+11.9pp

72.2%+27.5pp

Annual return

14.96%

18.23%-3.3pp

48.33%-33.4pp

59.30%-44.3pp

Employer contribution / active EE

$3,177

$3,796-16.3%

$5,919-46.3%

$2,234+42.2%

Participant deferral / active EE

$7,325

$6,199+18.2%

$7,714-5.0%

$3,806+92.5%

Admin fee / account holder

$331

$166+100.0%

$12,431-97.3%

$158+109.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Service code 15

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping

$41,133

HORNOR TOWNSEND & KENT INC3 years

Filed as: HORNOR TOWNSEND & KENT LLC

Service code 27

PO BOX 822215 · PHILADELPHIA, PA 191822215

Advisory (Plan)

$39,984

RESOURCES INVESTMENT ADVISORS LLC1 year

Service code 27

4860 COLLEGE BLVD STE 100 · LEAWOOD, KS 66211

Advisory (Plan)

$17,193

KESTRA INVESTMENT SERVICES LLC5 years

Service code 27

5707 SOUTHWEST PKWY · AUSTIN, TX 78735

Advisory (Plan)

$15,275

BROWN & RIDING INSURANCE SERVICES, INC. EMPLOYEES' 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BROWN & RIDING INSURANCE SERVICES, INC. EMPLOYEES' 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