Retirement plan

VAN HOOK SERVICE COMPANY, INC. 401(K) PROFIT SHARING PLAN

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

VAN HOOK SERVICE COMPANY, INC.EIN 16-1027190Plan #001PY 2024

76 SENECA AVENUE - ROCHESTER, NY 14621585-254-4375vanhookservice.comLinkedIn51-200 employeesfacilities services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$19.9M

+7.5% from 2023

Total participants

149

+2.1% from 2023

Average account balance

$142,171

+8.2% from 2023

Annual return

11.71%

-5.96 pp from 2023

Benchmarks

See 2,051 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,051 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.90M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

140

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.

92.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.99M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+11.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$518

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 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2 years Service code 37 · EIN 04-2647786	Loan Processing	$33,860

Plan features & details

Pension benefit codes2F2G2J2T3F2E3D

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

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

$73K

$637 / participant

Recordkeeping$34K46.6%
Other / not subdivided$39K53.4%

% of EOY assets

0.365%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Qualified opinion

Opinion is qualified - a specific issue limited the scope or accuracy of the audit.

Auditor firm: ALLIED CPAS, PC
Auditor EIN: 270542316
Audit fees: $0
Opinion code: Qualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$142,171

$60,504+135.0%

$81,882+73.6%

$74,478+90.9%

Participation rate

92.1%

62.9%+29.2pp

72.4%+19.7pp

67.2%+24.9pp

Annual return

11.71%

16.91%-5.2pp

779.47%-767.8pp

1370.56%-1358.8pp

Employer contribution / active EE

$8,769

$2,627+233.9%

$2,916+200.7%

$2,626+233.9%

Participant deferral / active EE

$8,671

$3,400+155.0%

$4,323+100.6%

$4,350+99.3%

Admin fee / account holder

$518

$1,492-65.2%

$7,360-93.0%

$1,946-73.4%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Service code 37 · EIN 04-2647786

Loan Processing

$33,860

VAN HOOK SERVICE COMPANY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VAN HOOK SERVICE COMPANY, 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