Retirement plan

HUDSON NEWS DISTRIBUTORS COLLECTIVELY BARGAINED THRIFT PLAN

Name: HUDSON NEWS DISTRIBUTORS - HUDSON NEWS DISTRIBUTORS COLLECTIVELY BARGAINED THRIFT PLAN (2024) Form 5500
Creator: HUDSON NEWS DISTRIBUTORS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUDSON NEWS DISTRIBUTORS COLLECTIVELY BARGAINED THRIFT PLAN, HUDSON NEWS DISTRIBUTORS

HUDSON NEWS DISTRIBUTORSEIN 11-3668123Plan #007PY 2024

701 JEFFERSON ROAD - PARSIPPANY, NJ 07054201-867-3600hudsonlms.comLinkedIn201-500 employeesretail

Other plans on this EIN

3 filings

#001Retirement-$10.9M assets #002Retirement-$1.6M assets #006Retirement-$1.3M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$12.5M

+8.2% from 2023

Total participants

-11.8% from 2023

Average account balance

$447,732

+19.8% from 2023

Annual return

15.44%

-6.95 pp from 2023

Benchmarks

See 23,845 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,845 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.54M

Not enough data

1 years with asset history on file

Average account balance

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

$448K

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.

127.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$172K

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

+15.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$36153

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 codes2E2F2G2J2T3D

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.0M

$46013 / participant

Other / not subdivided$1M100.0%

% of EOY assets

8.075%

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

$447,732

$166,268+169.3%

$165,100+171.2%

$145,897+206.9%

Participation rate

90.9%

82.0%+8.9pp

78.6%+12.3pp

80.3%+10.6pp

Annual return

15.44%

100.52%-85.1pp

70.21%-54.8pp

552.29%-536.9pp

Employer contribution / active EE

$4,493

$5,284-15.0%

$4,348+3.3%

$4,663-3.6%

Participant deferral / active EE

$3,340

$6,964-52.0%

$6,035-44.7%

$6,689-50.1%

Admin fee / account holder

$36,153

$16,659+117.0%

$12,696+184.8%

$13,390+170.0%

HUDSON NEWS DISTRIBUTORS COLLECTIVELY BARGAINED THRIFT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUDSON NEWS DISTRIBUTORS COLLECTIVELY BARGAINED THRIFT 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