Plan Snapshot
- Plan Sponsor: Braun Industries, INC.
- Sponsor EIN: 310792103
- Sponsor Address: 1170 PRODUCTION DRIVE, VAN WERT, OH, 45891
- Plan Type: 401(k)
- Total Participants: 627
- Total Assets: $16.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 627 | $16.9M | $698,850 | $1.8M |
| 2023 | 574 | $14.6M | $661,659 | $1.7M |
| 2022 | 308 | $9.0M | $375,704 | $983,555 |
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 |
|---|---|---|---|---|
| BADEN, GAGE & SCHROEDER, LLC | Auditor | $10,500 | — | $10,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BADEN, GAGE & SCHROEDER, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,500
- Estimated Expense Ratio: 0.062% 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 | $110,308 | $45,086 | — | $10,500 | — |
| 2023 | $74,635 | $47,410 | — | $5,300 | — |
| 2022 | $90,971 | — | — | — | $90,971 |