Retirement plan

HOYT ELECTRICAL INSTRUMENT WORKS, INC. PROFIT SHARING PLAN

Name: HOYT ELECTRICAL INSTRUMENT WORKS, INC. - HOYT ELECTRICAL INSTRUMENT WORKS, INC. PROFIT SHARING PLAN (2019) Form 5500
Creator: HOYT ELECTRICAL INSTRUMENT WORKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOYT ELECTRICAL INSTRUMENT WORKS, INC. PROFIT SHARING PLAN, HOYT ELECTRICAL INSTRUMENT WORKS, INC.

HOYT ELECTRICAL INSTRUMENT WORKS, INC.EIN 02-0230760Plan #001PY 2019

23 METER STREET - PENACOOK, NH 03303603-753-6321hoytmeter.comLinkedIn51-200 employeeselectrical/electronic manufacturing

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.4M

+33.8% from 2018

Total participants

+13.5% from 2018

Average account balance

$46,815

+24.5% from 2018

Annual return

23.92%

+28.51 pp from 2018

Benchmarks

See 14,957 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,957 peers

Snapshot2019

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$2.56M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$69K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

112.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$178K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.46%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$810

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$3K

$70 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.191%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,815

$72,492-35.4%

$87,104-46.3%

$72,975-35.8%

Participation rate

64.9%

72.8%-7.9pp

76.9%-12.0pp

69.5%-4.6pp

Annual return

23.92%

24.46%-0.5pp

28.19%-4.3pp

81.01%-57.1pp

Employer contribution / active EE

$908

$1,894-52.1%

$2,521-64.0%

$2,440-62.8%

Participant deferral / active EE

$1,795

$3,270-45.1%

$4,048-55.7%

$3,608-50.2%

Admin fee / account holder

$89

$5,055-98.2%

$7,491-98.8%

$5,124-98.3%

HOYT ELECTRICAL INSTRUMENT WORKS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOYT ELECTRICAL INSTRUMENT WORKS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion