Plan Snapshot
- Plan Sponsor: Brame Specialty Company, INC.
- Sponsor EIN: 560615152
- Sponsor Address: 2021 S BRIGGS AVE, DURHAM, NC, 27713
- Plan Type: 401(k)
- Total Participants: 161
- Total Assets: $16.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 161 | $16.9M | $130,295 | $614,726 |
| 2023 | 148 | $17.1M | $136,481 | $623,823 |
| 2022 | 141 | $15.0M | $142,369 | $606,274 |
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 |
|---|---|---|---|---|
| CHERRY BEKAERT ADVISORY LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $57,107 | $34,437 | $22,670 | — | — |
| 2023 | $29,746 | $8,906 | $20,840 | — | — |
| 2022 | $20,497 | — | $20,497 | — | — |