Brame Specialty Company, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Brame Specialty Company, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Brame Specialty Company, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Brame Specialty Company, Inc. under EIN 56-0615152 and plan number 002. The latest loaded filing year is 2023. The filing reports 178 participants and $17,065,725 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Brame Specialty Company, Inc.
- EIN
- 56-0615152
- Plan number
- 002
- Plan type
- 2
- Location
- Durham, NC
- Latest filing year
- 2023
- Participants
- 178
- End-of-year plan assets
- $17,065,725
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 178 | H, C | 20240909102122NAL0004399969001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $17,065,725
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,065,725
- Net assets (BOY)
- $15,002,923
Income & contributions
- Employer contributions
- $136,481
- Participant contributions
- $623,823
- Total contributions
- $760,304
- Total income / additions
- $3,328,278
Expenses & distributions
- Benefits paid
- $1,235,730
- Administrative expenses
- $29,746
- Total expenses
- $1,265,476
- Net increase / (decrease)
- $2,062,802
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $20,840 | $0 | 2023 |
| Ubs Financial Services Inc | INVESTMENT ADVISORY | $8,904 | $3 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Brame Specialty Company, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in NC
- 401(k) and benefit plan filings in Durham, NC
- Principal Life Insurance Company — Schedule C compensation
- Ubs Financial Services Inc — Schedule C compensation
- Morningstar Investment Management L — Schedule C compensation