Retirement plan

HILL & MARKES, LLC 401(K) PLAN

Name: HILL & MARKES, LLC. - HILL & MARKES, LLC 401(K) PLAN (2024) Form 5500
Creator: HILL & MARKES, LLC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HILL & MARKES, LLC 401(K) PLAN, HILL & MARKES, LLC.

HILL & MARKES, LLC.EIN 14-0751030Plan #001PY 2024

1997 STATE HIGHWAY 5S - AMSTERDAM, NY 12010518-842-2410

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed October 18, 2004

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$8.6M

-6.4% from 2023

Total participants

192

-10.3% from 2023

Average account balance

$53,275

+1.1% from 2023

Annual return

12.07%

-4.47 pp from 2023

Benchmarks

See 490 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort490 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.58M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

161

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.

81.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$915K

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

+12.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$184

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$24,299
M HOLDINGS SECURITIES INC2 years Filed as: M HOLDINGS SECURITIES Service code 27 · EIN 91-1802259	Advisory (Plan)	$8,232
ORENDA RETIREMENT, LLC2 years Filed as: ORENDA RETIRMENT, LLC Service code 13 · EIN 36-4877979	Contract Administrator	$5,400
ORENDA RETIREMENT, LLC2 years Filed as: ORENDA RETIREMENT LLC Service code 13	Contract Administrator	$3,052

Plan features & details

Pension benefit codes3D2E2J2K2F2G

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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$30K

$180 / participant

Contract admin$30K100.0%

% of EOY assets

0.346%

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: MENGEL,METZGER,BARR & CO. LLP
Auditor EIN: 161092347
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,275

$59,006-9.7%

$97,260-45.2%

$74,459-28.5%

Participation rate

81.2%

63.7%+17.5pp

72.7%+8.6pp

67.2%+14.0pp

Annual return

12.07%

16.04%-4.0pp

75.54%-63.5pp

1369.70%-1357.6pp

Employer contribution / active EE

$779

$1,894-58.9%

$2,721-71.4%

$2,626-70.3%

Participant deferral / active EE

$4,766

$3,671+29.8%

$4,262+11.8%

$4,350+9.6%

Admin fee / account holder

$184

$1,974-90.7%

$5,640-96.7%

$1,945-90.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$24,299

M HOLDINGS SECURITIES INC2 years

Filed as: M HOLDINGS SECURITIES

Service code 27 · EIN 91-1802259

Advisory (Plan)

$8,232

ORENDA RETIREMENT, LLC2 years

Filed as: ORENDA RETIRMENT, LLC

Service code 13 · EIN 36-4877979

Contract Administrator

$5,400

ORENDA RETIREMENT, LLC2 years

Filed as: ORENDA RETIREMENT LLC

Service code 13

Contract Administrator

$3,052

HILL & MARKES, LLC 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HILL & MARKES, LLC 401(K) PLAN

Top hat statement on fileNQDC

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