Retirement plan

HORSCHEL BROTHERS PRECISION 401K PLAN

Name: HORSCHEL BROTHERS PRECISION, LLC - HORSCHEL BROTHERS PRECISION 401K PLAN (2019) Form 5500
Creator: HORSCHEL BROTHERS PRECISION, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HORSCHEL BROTHERS PRECISION 401K PLAN, HORSCHEL BROTHERS PRECISION, LLC

HORSCHEL BROTHERS PRECISION, LLCEIN 16-1471326Plan #001PY 2019

180 ZOAR VALLEY RD - SPRINGVILLE, NY 141419248716-592-5000hbpllc.comLinkedIn51-200 employeesmachinery

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$7.4M

+18.1% from 2018

Total participants

137

-19.9% from 2018

Average account balance

$66,299

+37.1% from 2018

Annual return

20.38%

+27.11 pp from 2018

Benchmarks

See 4,277 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,277 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.97M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

111

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.

82.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$580K

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

+10.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$74

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
LIFETIME BENEFIT SOLUTIONS5+ years Service code 15 · EIN 16-1171765	Recordkeeping	$7,531

Plan features & details

Pension benefit codes2E2G2J2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

$12K

$97 / participant

Investment mgmt$12K100.0%

% of EOY assets

0.164%

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: BUFFAMANTE WHIPPLE BUTTAFARO PC
Auditor EIN: 161117932
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,299

$65,376+1.4%

$87,104-23.9%

$65,185+1.7%

Participation rate

80.0%

75.3%+4.7pp

76.9%+3.1pp

70.2%+9.8pp

Annual return

20.38%

31.27%-10.9pp

28.19%-7.8pp

29.38%-9.0pp

Employer contribution / active EE

$600

$1,822-67.1%

$2,521-76.2%

$2,177-72.4%

Participant deferral / active EE

$2,950

$3,388-12.9%

$4,048-27.1%

$3,514-16.0%

Admin fee / account holder

$109

$520-79.1%

$7,491-98.6%

$847-87.2%

Provider

Service type

Compensation

LIFETIME BENEFIT SOLUTIONS5+ years

Service code 15 · EIN 16-1171765

Recordkeeping

$7,531

HORSCHEL BROTHERS PRECISION 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HORSCHEL BROTHERS PRECISION 401K 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