Brg 401(K) Plan — Form 5500 plan (Brumit Restaurant Group, LLC)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Brg 401(K) Plan is a benefit plan reported by Brumit Restaurant Group, LLC under EIN 27-0425615 and plan number 001. The latest loaded filing year is 2023. The filing reports 508 participants and $1,523,807 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$1.5MPlan net assets, end of year$1,523,807
Participants508Covered participants reported
Assets / participant$3KComputed: assets ÷ participants$3,000 (computed)
Provider compensation$15.4K2 Schedule C provider row(s)$15,384
- Plan sponsor
- Brumit Restaurant Group, LLC
- EIN
- 27-0425615
- Plan number
- 001
- Plan type
- 2
- Location
- Asheville, NC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 508 | H, C | 20250327150914NAL0036039842001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$1.5M total assets
Net assets$1.5MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $1,523,807
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $1,523,807
- Net assets (BOY)
- $1,258,469
Income & contributions
- Employer contributions
- $64,634
- Participant contributions
- $218,350
- Total contributions
- $302,195
- Total income / additions
- $608,267
Expenses & distributions
- Benefits paid
- $326,481
- Administrative expenses
- $15,384
- Total expenses
- $342,929
- Net increase / (decrease)
- $265,338
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
23%77%
Employer 23%Participant 77%
Total expenses ÷ net assets23%Computed ratio
Benefits paid ÷ total income54%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Colton Groome Financial Advisors, L | INVESTMENT/FINANCIAL ADVI | $10,335 | $0 | 2023 |
| Adp, Inc. | RECORD KEEPER | $5,049 | $0 | 2023 |