Retirement plan

HARRY AUSTIN MILLING CO., INC. 401K PROFIT SHARING

Name: HARRY AUSTIN MILLING, INC. - HARRY AUSTIN MILLING CO., INC. 401K PROFIT SHARING (2017) Form 5500
Creator: HARRY AUSTIN MILLING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HARRY AUSTIN MILLING CO., INC. 401K PROFIT SHARING, HARRY AUSTIN MILLING, INC.

HARRY AUSTIN MILLING, INC.EIN 16-0710677Plan #002PY 2017

MAPLE STREET, PO BOX 287 - SOUTH DAYTON, NY 14138716-988-3239LinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$351K

+54.3% from 2016

Total participants

-7.1% from 2016

Average account balance

$26,989

+66.2% from 2016

Annual return

70.23%

+81.25 pp from 2016

Benchmarks

See 3,171 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort3,171 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.09M

Not enough data

1 years with asset history on file

Average account balance

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

$109K

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$61K

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

+17.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3929

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 codes2J2E2G

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$63K

$6298 / participant

Other / not subdivided$63K100.0%

% of EOY assets

17.950%

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

$26,989

$100,901-73.3%

$75,670-64.3%

$147,585-81.7%

Participation rate

100.0%

77.1%+22.9pp

72.3%+27.7pp

82.8%+17.2pp

Annual return

70.23%

35.78%+34.4pp

27.34%+42.9pp

578.56%-508.3pp

Employer contribution / active EE

$1,421

$3,253-56.3%

$2,352-39.6%

$4,876-70.9%

Participant deferral / active EE

$1,020

$4,027-74.7%

$3,142-67.5%

$5,439-81.2%

Admin fee / account holder

$4,845

$11,285-57.1%

$5,800-16.5%

$10,885-55.5%

HARRY AUSTIN MILLING CO., INC. 401K PROFIT SHARING

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARRY AUSTIN MILLING CO., INC. 401K PROFIT SHARING

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