Brooks Equipment Company 401(k) Plan: Login, Facts & Contact Information

Brooks Equipment Company 401(k) Plan Facts

Plan name
BROOKS EQUIPMENT COMPANY 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
BROOKS EQUIPMENT COMPANY, LLC.
Participants
504 (444 active employees)
Former employees with a balance
83
Plan assets
$33,019,962 at Dec 31, 2024
Average account balance
$65,386 across 505 accounts
Employer contributions
$654,837 in plan year 2024 (20% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1997
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 14, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.27 million went into the plan in contributions, $654,837 of it from the employer (20%).
  • $3.63 million was paid out to participants.
  • Investment and other income added $4.54 million.
  • Administrative expenses were $98,281, about $195 per account.

How the Brooks Equipment Company 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019428$20.1 million$501,592$1.44 million
2020406$24.6 million$472,523$933,526
2021405$27.7 million$505,259$2.53 million
2022406$23.7 million$536,788$2.44 million
2023452$28.9 million$628,911$1.86 million
2024504$33.0 million$654,837$3.63 million

Brooks Equipment Company 401(k) Contact Information

Phone
704-916-3401
Mailing address
10926 DAVID TAYLOR DR, SUITE 300, CHARLOTTE NC 28262
Plan sponsor
BROOKS EQUIPMENT COMPANY, LLC.
Employer identification number (EIN)
88-0161234
Plan number
002

Questions about the Brooks Equipment Company 401(k)

Does Brooks Equipment Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $654,837, 20% of all contributions.

Does the Brooks Equipment Company 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Brooks Equipment Company 401(k) plan?

504 participants at the start of plan year 2024, 444 of them active employees, and 83 former employees who still had money in the plan.

What is the average 401(k) balance at Brooks Equipment Company?

About $65,386 per account: $33.0 million in plan assets across 505 accounts with a balance at the end of plan year 2024.

Who manages the Brooks Equipment Company 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Brooks Equipment Company. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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