Retirement plan

HABBERSTAD MOTORSPORT, INC. 401(K) PROFIT SHARING PLAN

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

HABBERSTAD MOTORSPORT, INC.EIN 11-2529490Plan #001PY 2024

945 EAST JERICHO TURNPIKE - HUNTINGTON STATION, NY 11746631-418-3270

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.9M

+10.6% from 2023

Total participants

237

+4.9% from 2023

Average account balance

$56,988

+2.1% from 2023

Annual return

11.56%

-3.72 pp from 2023

Benchmarks

See 2,313 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,313 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.85M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

208

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.

85.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.18M

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

+11.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$389

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 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY6 years Service code 13 · EIN 42-0127290	Contract Administrator	$72,296
HORNOR TOWNSEND & KENT INC5 years Service code 49	Other Services	$26,749
ORENDA RETIREMENT, LLC6 years Service code 49 · EIN 36-4877979	Other Services	$13,979
HABBERSTAD MOTORSPORT INC.3 years Service code 49 · EIN 11-2529490	Other Services	$7,500
HORNOR TOWNSEND & KENT INC5 years Filed as: HORNOR TOWNSHEND & KENT Service code 49 · EIN 23-1706189	Other Services	$0
WILSHIRE ASSOCIATES INCORPORATED6 years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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

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

$81K

$415 / participant

Contract admin$81K100.0%

% of EOY assets

0.683%

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: SATTY LEVINE AND CIACCO CPA
Auditor EIN: 112370855
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,988

$59,456-4.2%

$93,669-39.2%

$74,429-23.4%

Participation rate

85.1%

59.6%+25.5pp

68.7%+16.4pp

67.2%+17.9pp

Annual return

11.56%

82.00%-70.4pp

133.59%-122.0pp

1368.38%-1356.8pp

Employer contribution / active EE

$1,266-100.0%

$2,424-100.0%

$2,625-100.0%

Participant deferral / active EE

$6,053

$3,052+98.3%

$4,416+37.1%

$4,348+39.2%

Admin fee / account holder

$389

$3,026-87.1%

$8,291-95.3%

$1,944-80.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6 years

Service code 13 · EIN 42-0127290

Contract Administrator

$72,296

HORNOR TOWNSEND & KENT INC5 years

Service code 49

Other Services

$26,749

ORENDA RETIREMENT, LLC6 years

Service code 49 · EIN 36-4877979

Other Services

$13,979

HABBERSTAD MOTORSPORT INC.3 years

Service code 49 · EIN 11-2529490

Other Services

$7,500

HORNOR TOWNSEND & KENT INC5 years

Filed as: HORNOR TOWNSHEND & KENT

Service code 49 · EIN 23-1706189

Other Services

WILSHIRE ASSOCIATES INCORPORATED6 years

Service code 27 · EIN 95-2755361

Advisory (Plan)

HABBERSTAD MOTORSPORT, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HABBERSTAD MOTORSPORT, INC. 401(K) 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