# Brumit Restaurant Group, LLC 401(k) Plan
Source: https://planprovider.pro/companies/brumit-restaurant-group-llc-270425615-001

> Brumit Restaurant Group, LLC's 401(k) plan: 538 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Brumit Restaurant Group, LLC

- **Sponsor EIN:** 270425615

- **Sponsor Address:** 40 SEMINOLE STREET, ASHEVILLE, NC, 28803

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

- **Plan Number:** 001

- **Total Participants:** 538

- **Total Assets:** $1.9M

## 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|538|$1.9M|$76,234|$249,057|

| 2023|545|$1.5M|$64,634|$218,350|

| 2022|118|$1.3M|$65,433|$203,894|

## 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|

| COLTON GROOME FINANCIAL ADVISORS, L|Investment Advisor|$24,320|—|$24,320|

| ADP, INC.|Recordkeeper|$11,260|—|$11,260|

### Verified Provider Profiles

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

- [COLTON GROOME FINANCIAL ADVISORS, L](https://planprovider.pro/provider/colton-groome-financial-advisors-llc) — Investment Advisor

- [ADP, INC.](https://planprovider.pro/provider/adp-retirement-services) — Recordkeeper

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $35,580

- **Estimated Expense Ratio:** 1.883% 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|$17,791|$12,410|—|—|—|

| 2023|$15,384|$10,335|—|—|—|

| 2022|$14,199|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/brumit-restaurant-group-llc-270425615-001)

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