# Braman Motors, INC. 401(k) Plan
Source: https://planprovider.pro/companies/braman-motors-inc-401k-plan

> Braman Motors, INC.'s 401(k) plan: 2,532 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Braman Motors, INC.

- **Sponsor EIN:** 650700829

- **Sponsor Address:** 2060 BISCAYNE BLVD, FLOOR 2, MIAMI, FL, 33137

- **Plan Type:** 401(k)

- **Total Participants:** 2,532

- **Total Assets:** $66.6M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|2,532|$66.6M|$165,399|$5.7M|

| 2023|2,201|$56.5M|$180,469|$5.7M|

| 2022|1,950|$46.4M|$176,467|$5.8M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| VOYA RETIREMENT INSURANCE & ANNUITY|SERVICE PROVIDER|$231,747|—|$231,747|

| OSAIC WEALTH INC.|BROKER/DEALER|—|$145,877|$145,877|

| BDO USA, P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BDO USA, P.C.](https://planprovider.pro/provider/bdo-usa-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $377,624

- **Estimated Expense Ratio:** 0.567% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$235,207|$4,332|$224,844|—|—|

| 2023|$196,108|$2,367|$185,754|—|—|

| 2022|$184,392|—|$184,392|—|—|

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