Plan Snapshot
- Plan Sponsor: Brightline, INC.
- Sponsor EIN: 843102803
- Sponsor Address: 400 CONCAR DRIVE, SAN MATEO, CA, 94402
- Plan Type: 401(k)
- Total Participants: 131
- Total Assets: $8.3M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 131 | $8.3M | $0 | $2.0M |
| 2023 | 242 | $6.5M | $0 | $2.1M |
| 2022 | 260 | $4.0M | $0 | $2.1M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE CO | RECORDKEEPER | $70,285 | — | $70,285 |
| AMERIPRISE FINANCIAL SERVICES | BROKER/ADVISOR | — | $34,901 | $34,901 |
| ERISA SERVICES INC | CONTRACT ADMINISTRATOR | $5,736 | $3,832 | $9,568 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $5,211 | — | $5,211 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERISA SERVICES INC — CONTRACT ADMINISTRATOR
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $119,965
- Estimated Expense Ratio: 1.444% 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 | $81,377 | — | $81,377 | — | — |
| 2023 | $52,325 | — | $52,325 | — | — |
| 2022 | $13,089 | — | $13,089 | — | — |