Retirement plan

HESSE INDUSTRIAL SALES, INC. PROFIT SHARING 401(K) PLAN

Name: HESSE INDUSTRIAL SALES, INC. - HESSE INDUSTRIAL SALES, INC. PROFIT SHARING 401(K) PLAN (2024) Form 5500
Creator: HESSE INDUSTRIAL SALES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HESSE INDUSTRIAL SALES, INC. PROFIT SHARING 401(K) PLAN, HESSE INDUSTRIAL SALES, INC.

HESSE INDUSTRIAL SALES, INC.EIN 16-0876331Plan #001PY 2024

3370 BENZING ROAD - ORCHARD PARK, NY 14127716-827-4951hesseindustrial.comLinkedIn51-200 employeesconsumer goods

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10.3M

+10.8% from 2023

Total participants

137

+21.2% from 2023

Average account balance

$89,029

-1.6% from 2023

Annual return

23.94%

+11.31 pp from 2023

Benchmarks

See 4,099 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,099 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.33M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

116

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.

81.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$685K

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

+23.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$272

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES3 years Filed as: RAYMOND JAMES AND ASSOCIATES Service code 26 880 CARILLON PARKWAY · PETERSBURG, FL 33716	Advisory (Participants)	$25,055
THE VANGUARD GROUP, INC.3 years Service code 15 · EIN 23-1945930	Recordkeeping	$6,789
ASCENSUS LLC3 years Filed as: FUTUREPLAN BY ASCENSUS Service code 12 415 8TH AVE NE · BRAINERD, MN 56401	Claims processing; Distribution (12b-...	$3,175

Plan features & details

Pension benefit codes2E2J2F2G3D2R2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

$32K

$272 / participant

Contract admin$32K100.0%

% of EOY assets

0.306%

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: BROCK, SCHECTER & POLAKOFF LLP
Auditor EIN: 161003516
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,029

$79,223+12.4%

$102,460-13.1%

$74,478+19.5%

Participation rate

81.9%

74.8%+7.1pp

76.5%+5.4pp

67.2%+14.7pp

Annual return

23.94%

54.98%-31.0pp

29.47%-5.5pp

1370.56%-1346.6pp

Employer contribution / active EE

$1,833

$2,363-22.5%

$3,025-39.4%

$2,626-30.2%

Participant deferral / active EE

$4,069

$4,417-7.9%

$5,056-19.5%

$4,350-6.5%

Admin fee / account holder

$272

$2,003-86.4%

$9,460-97.1%

$1,946-86.0%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES3 years

Filed as: RAYMOND JAMES AND ASSOCIATES

Service code 26

880 CARILLON PARKWAY · PETERSBURG, FL 33716

Advisory (Participants)

$25,055

THE VANGUARD GROUP, INC.3 years

Service code 15 · EIN 23-1945930

Recordkeeping

$6,789

ASCENSUS LLC3 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 12

415 8TH AVE NE · BRAINERD, MN 56401

Claims processing; Distribution (12b-...

$3,175

HESSE INDUSTRIAL SALES, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HESSE INDUSTRIAL SALES, INC. PROFIT SHARING 401(K) 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