Retirement plan

WILLIAM S. HEIN & CO., INC. 401(K) PROFIT SHARING PLAN

Name: WILLIAM S. HEIN & CO., INC. - WILLIAM S. HEIN & CO., INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: WILLIAM S. HEIN & CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILLIAM S. HEIN & CO., INC. 401(K) PROFIT SHARING PLAN, WILLIAM S. HEIN & CO., INC.

WILLIAM S. HEIN & CO., INC.EIN 16-0878492Plan #001PY 2024

2350 NORTH FOREST ROAD SUITE 10A - GETZVILLE, NY 14068716-882-2600

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$28.8M

+13.4% from 2023

Total participants

-1.2% from 2023

Average account balance

$369,704

+12.0% from 2023

Annual return

11.67%

-3.21 pp from 2023

Benchmarks

See 3,224 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,224 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.84M

Not enough data

1 years with asset history on file

Average account balance

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

$370K

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.

123.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$954K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+11.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6884

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 codes2E2F2G2J2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$537K

$8523 / participant

Other / not subdivided$537K100.0%

% of EOY assets

1.862%

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

$369,704

$77,460+377.3%

$100,378+268.3%

$80,925+356.8%

Participation rate

96.8%

76.9%+19.9pp

81.5%+15.3pp

67.7%+29.2pp

Annual return

11.67%

37.24%-25.6pp

49.41%-37.7pp

35.65%-24.0pp

Employer contribution / active EE

$10,353

$2,801+269.6%

$3,942+162.6%

$2,756+275.6%

Participant deferral / active EE

$4,787

$6,818-29.8%

$8,087-40.8%

$4,299+11.4%

Admin fee / account holder

$6,884

$5,887+16.9%

$7,899-12.9%

$6,940-0.8%

WILLIAM S. HEIN & CO., INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILLIAM S. HEIN & 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