Best Brands 401(K) Plan — Form 5500 plan (Best Brands Inc.)

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, Best Brands 401(K) Plan is a benefit plan reported by Best Brands Inc. under EIN 62-1177514 and plan number 001. The latest loaded filing year is 2023. The filing reports 288 participants and $7,967,622 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$8MPlan net assets, end of year$7,967,622
Participants288Covered participants reported
Assets / participant$27.7KComputed: assets ÷ participants$27,665 (computed)
Provider compensation$81.3K3 Schedule C provider row(s)$81,297
Plan sponsor
Best Brands Inc.
EIN
62-1177514
Plan number
001
Plan type
2
Location
Nashville, TN
Latest filing year
2023
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    288 participants · 2Sch HSch C
    View filing →
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)$8M total assets
Net assets$8MLiabilities$0
Money in vs. money out
Total income / additions$2.2M
Total expenses$404.7K
Benefits paid / distributions$323.4K
Contributions
Employer$442.1K
Participant$675.5K
Full reported line items

Net assets

Total assets (EOY)
$7,967,622
Total liabilities (EOY)
$0
Net assets (EOY)
$7,967,622
Net assets (BOY)
$6,164,592

Income & contributions

Employer contributions
$442,099
Participant contributions
$675,524
Total contributions
$1,117,623
Total income / additions
$2,207,725

Expenses & distributions

Benefits paid
$323,418
Administrative expenses
$81,277
Total expenses
$404,695
Net increase / (decrease)
$1,803,030
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.

Contribution share (employer vs. participant)
Employer 40%Participant 60%
Total expenses ÷ net assets5%Computed ratio
Benefits paid ÷ total income15%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    RECORDKEEPER · Direct $45.8K · Indirect $0
  2. 2
    INVESTMENT ADVISORY - PL · Direct $34.6K
  3. 3
    RECORDKEEPER · Direct $800 · Indirect $23

Related Form 5500 pages