Retirement plan

HIGH SPIRIT EQUINE PRODUCTS LLC 401(K) PROFIT SHARING PLAN

Name: HIGH SPIRIT EQUINE PRODUCTS LLC - HIGH SPIRIT EQUINE PRODUCTS LLC 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: HIGH SPIRIT EQUINE PRODUCTS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HIGH SPIRIT EQUINE PRODUCTS LLC 401(K) PROFIT SHARING PLAN, HIGH SPIRIT EQUINE PRODUCTS LLC

HIGH SPIRIT EQUINE PRODUCTS LLCEIN 11-3775236Plan #001PY 2023

1 CLEVELAND STREET, STE 800 - GORDONSVILLE, VA 22942800-686-4544biostareq.comLinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$496K

+21.5% from 2022

Total participants

+20.0% from 2022

Average account balance

$24,819

+9.3% from 2022

Annual return

17.05%

+38.07 pp from 2022

Benchmarks

See 4,366 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort4,366 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$523K

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

153.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$51K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+9.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3665

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 codes2E2F2J2T3B3D

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).
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

$26K

$1746 / participant

Other / not subdivided$26K100.0%

% of EOY assets

5.275%

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

$24,819

$95,580-74.0%

$76,872-67.7%

$139,466-82.2%

Participation rate

73.3%

74.0%-0.6pp

69.6%+3.7pp

80.3%-7.0pp

Annual return

17.05%

55.00%-37.9pp

37.90%-20.9pp

373.66%-356.6pp

Employer contribution / active EE

$1,361

$3,145-56.7%

$2,533-46.3%

$4,754-71.4%

Participant deferral / active EE

$1,591

$4,623-65.6%

$3,832-58.5%

$6,712-76.3%

Admin fee / account holder

$1,309

$8,302-84.2%

$5,476-76.1%

$11,409-88.5%

HIGH SPIRIT EQUINE PRODUCTS LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HIGH SPIRIT EQUINE PRODUCTS LLC 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