Plan Snapshot
- Plan Sponsor: Brighton-Best International, INC.
- Sponsor EIN: 352306449
- Sponsor Address: 5855 OBISPO AVENUE, LONG BEACH, CA, 908053715
- Plan Type: 401(k)
- Total Participants: 629
- Total Assets: $23.7M
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 | 629 | $23.7M | $0 | $1.2M |
| 2023 | 618 | $20.5M | $336,325 | $1.1M |
| 2022 | 574 | $16.4M | $335,155 | $1.2M |
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 |
|---|---|---|---|---|
| ASCENSUS HOLDING INC DBA FUTUREPLAN | Other Service Provider | $6,450 | — | $6,450 |
| CAPITAL RESEARCH AND MANAGEMENT CO | Recordkeeper | $5,840 | — | $5,840 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,290
- Estimated Expense Ratio: 0.052% 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 | $12,290 | — | $12,290 | — | — |
| 2023 | $11,835 | — | $11,835 | — | — |
| 2022 | $11,135 | — | $11,135 | — | — |