Retirement plan

HARRY AUSTIN MILLING CO., INC. 401(K)PROFIT SHARING PLAN

Name: HARRY AUSTIN MILLING, INC. - HARRY AUSTIN MILLING CO., INC. 401(K)PROFIT SHARING PLAN (2023) 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. 401(K)PROFIT SHARING PLAN, HARRY AUSTIN MILLING, INC.

HARRY AUSTIN MILLING, INC.EIN 16-0710677Plan #002PY 2023

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$805K

-10.4% from 2022

Total participants

+18.2% from 2022

Average account balance

$80,485

-10.4% from 2022

Annual return

-17.34%

-17.52 pp from 2022

Benchmarks

See 4,362 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort4,362 peers

Snapshot2023

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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$500

$38 / participant

Other / not subdivided$500100.0%

% of EOY assets

0.062%

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

$80,485

$95,664-15.9%

$76,902+4.7%

$139,487-42.3%

Participation rate

76.9%

74.0%+2.9pp

69.6%+7.3pp

80.3%-3.4pp

Annual return

-17.34%

55.03%-72.4pp

37.91%-55.3pp

373.84%-391.2pp

Employer contribution / active EE

$1,137

$3,147-63.9%

$2,534-55.1%

$4,755-76.1%

Participant deferral / active EE

$3,686

$4,626-20.3%

$3,833-3.8%

$6,713-45.1%

Admin fee / account holder

$50

$8,311-99.4%

$5,479-99.1%

$11,407-99.6%

HARRY AUSTIN MILLING CO., INC. 401(K)PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARRY AUSTIN MILLING CO., INC. 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