Retirement plan

YANKEE HILL MACHINE CO., INC. 401(K) PLAN AND TRUST

Name: YANKEE HILL MACHINE CO., INC. - YANKEE HILL MACHINE CO., INC. 401(K) PLAN AND TRUST (2023) Form 5500
Creator: YANKEE HILL MACHINE CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, YANKEE HILL MACHINE CO., INC. 401(K) PLAN AND TRUST, YANKEE HILL MACHINE CO., INC.

YANKEE HILL MACHINE CO., INC.EIN 04-2551860Plan #001PY 2023

412 MAIN STREET - EASTHAMPTON, MA 01027413-584-1400yankeehillmachine.comLinkedIn11-50 employeesconsumer goods

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.3M

+31.5% from 2022

Total participants

-2.4% from 2022

Average account balance

$135,862

+38.2% from 2022

Annual return

26.70%

+42.20 pp from 2022

Benchmarks

See 14,460 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,460 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.10M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$210K

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

+23.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12502

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 codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$24K

$698 / participant

Other / not subdivided$24K100.0%

% of EOY assets

0.448%

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

$135,862

$80,985+67.8%

$96,576+40.7%

$75,181+80.7%

Participation rate

97.1%

71.8%+25.3pp

76.0%+21.1pp

67.2%+29.9pp

Annual return

26.70%

27.05%-0.3pp

25.87%+0.8pp

160.69%-134.0pp

Employer contribution / active EE

$1,923

$2,282-15.7%

$2,965-35.1%

$2,671-28.0%

Participant deferral / active EE

$4,440

$3,929+13.0%

$4,851-8.5%

$4,126+7.6%

Admin fee / account holder

$608

$6,719-90.9%

$8,253-92.6%

$5,650-89.2%

YANKEE HILL MACHINE CO., INC. 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

YANKEE HILL MACHINE CO., INC. 401(K) PLAN AND TRUST

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