Retirement plan

HEALEY BROTHERS, INC. 401K PLAN

Name: HEALEY BROTHERS, INC. - HEALEY BROTHERS, INC. 401K PLAN (2024) Form 5500
Creator: HEALEY BROTHERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEALEY BROTHERS, INC. 401K PLAN, HEALEY BROTHERS, INC.

HEALEY BROTHERS, INC.EIN 06-1554816Plan #001PY 2024

P.O. BOX 859 - GOSHEN, NY 10924845-291-1998LinkedIn1-10 employeesconsumer services

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$43.7M

+12.6% from 2023

Total participants

705

+2.3% from 2023

Average account balance

$71,825

+7.2% from 2023

Annual return

14.40%

-5.31 pp from 2023

Benchmarks

See 1,308 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,308 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$43.74M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

609

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.

83.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$187

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$61,835
NORTHWESTERN MUTUAL INVESTMENT SERV1 year Filed as: NORTHWESTERN MUTUAL WEALTH MGMT CO Service code 27 · EIN 39-2018056	Advisory (Plan)	$36,415
RBT CPAS, LLP1 year Filed as: RBT CPAS Service code 10 · EIN 14-1604297	Accounting	$12,000

Plan features & details

Pension benefit codes2K2T2E2F2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$114K

$197 / participant

Recordkeeping$62K54.2%
Investment mgmt$40K35.2%
Other / not subdivided$12K10.5%

% of EOY assets

0.261%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RBT CPAS, LLP
Auditor EIN: 141604297
Audit fees: $12,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,825

$54,193+32.5%

$93,654-23.3%

$77,671-7.5%

Participation rate

83.4%

63.9%+19.5pp

68.7%+14.7pp

70.6%+12.8pp

Annual return

14.40%

30.54%-16.1pp

133.34%-118.9pp

31.21%-16.8pp

Employer contribution / active EE

$1,466

$1,168+25.5%

$2,421-39.5%

$2,726-46.2%

Participant deferral / active EE

$6,239

$3,144+98.5%

$4,413+41.4%

$4,648+34.2%

Admin fee / account holder

$187

$576-67.5%

$8,282-97.7%

$430-56.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$61,835

NORTHWESTERN MUTUAL INVESTMENT SERV1 year

Filed as: NORTHWESTERN MUTUAL WEALTH MGMT CO

Service code 27 · EIN 39-2018056

Advisory (Plan)

$36,415

RBT CPAS, LLP1 year

Filed as: RBT CPAS

Service code 10 · EIN 14-1604297

Accounting

$12,000

HEALEY BROTHERS, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEALEY BROTHERS, INC. 401K 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