Retirement plan

SUREHANDS LIFT & CARE SYSTEMS 401(K) RETIREMENT PLAN

Name: T.F. HERCEG, INC. D/B/A SUREHANDS LIFT & CARE SYSTEMS - SUREHANDS LIFT & CARE SYSTEMS 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: T.F. HERCEG, INC. D/B/A SUREHANDS LIFT & CARE SYSTEMS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUREHANDS LIFT & CARE SYSTEMS 401(K) RETIREMENT PLAN, T.F. HERCEG, INC. D/B/A SUREHANDS LIFT & CARE SYSTEMS

T.F. HERCEG, INC. D/B/A SUREHANDS LIFT & CARE SYSTEMSEIN 13-2874366Plan #001PY 2023

982 ROUTE 1 - PINE ISLAND, NY 10969781-640-7904

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.3M

+16.6% from 2022

Total participants

+14.3% from 2022

Average account balance

$166,879

+16.6% from 2022

Annual return

18.67%

+41.09 pp from 2022

Benchmarks

See 23,805 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,805 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$666K

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

92.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$70K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+5.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$155592

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 codes2E2F2G2J3D

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.
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

$125K

$10418 / participant

Other / not subdivided$125K100.0%

% of EOY assets

5.351%

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

$166,879

$154,209+8.2%

$130,062+28.3%

$139,487+19.6%

Participation rate

83.3%

82.0%+1.4pp

78.5%+4.8pp

80.3%+3.0pp

Annual return

18.67%

32.52%-13.9pp

-137.37%+156.0pp

373.84%-355.2pp

Employer contribution / active EE

$1,620

$5,292-69.4%

$4,322-62.5%

$4,755-65.9%

Participant deferral / active EE

$3,323

$6,709-50.5%

$5,821-42.9%

$6,713-50.5%

Admin fee / account holder

$8,930

$13,988-36.2%

$10,601-15.8%

$11,407-21.7%

SUREHANDS LIFT & CARE SYSTEMS 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUREHANDS LIFT & CARE SYSTEMS 401(K) RETIREMENT 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