Retirement plan

HARDWARE SPECIALTY CO., INC. 401(K) SAVINGS PLAN & TRUST

Name: HARDWARE SPECIALTY CO., INC. - HARDWARE SPECIALTY CO., INC. 401(K) SAVINGS PLAN & TRUST (2024) Form 5500
Creator: HARDWARE SPECIALTY CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HARDWARE SPECIALTY CO., INC. 401(K) SAVINGS PLAN & TRUST, HARDWARE SPECIALTY CO., INC.

HARDWARE SPECIALTY CO., INC.EIN 11-1962241Plan #002PY 2024

4875 36TH ST. - LONG ISLAND CITY, NY 111011917718-361-9393hwvelocity.comLinkedIn1-10 employeesmanagement consulting

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$34.2M

+12.3% from 2023

Total participants

388

+25.6% from 2023

Average account balance

$107,582

+3.5% from 2023

Annual return

17.14%

-6.33 pp from 2023

Benchmarks

See 1,405 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,405 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.21M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

318

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.

78.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+17.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12

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 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	-$26,999

Plan features & details

Pension benefit codes2E3D2F2G2J2T

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$4K

$11 / participant

Recordkeeping$4K100.0%

% of EOY assets

0.011%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EISNERAMPER
Auditor EIN: 871363769
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$107,582

$89,465+20.2%

$164,866-34.7%

$77,671+38.5%

Participation rate

78.7%

78.6%0pp

78.6%+0.1pp

70.6%+8.1pp

Annual return

17.14%

28.81%-11.7pp

69.97%-52.8pp

31.21%-14.1pp

Employer contribution / active EE

$1,816

$2,568-29.3%

$4,343-58.2%

$2,726-33.4%

Participant deferral / active EE

$3,816

$4,897-22.1%

$6,033-36.8%

$4,648-17.9%

Admin fee / account holder

$12

$340-96.5%

$12,689-99.9%

$430-97.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$26,999

HARDWARE SPECIALTY CO., INC. 401(K) SAVINGS PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARDWARE SPECIALTY CO., INC. 401(K) SAVINGS PLAN & 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