Retirement plan

HORSCHEL BROTHERS PRECISION 401K PLAN

Name: HORSCHEL BROTHERS PRECISION, LLC - HORSCHEL BROTHERS PRECISION 401K PLAN (2023) 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 2023

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

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$10.8M

+19.0% from 2022

Total participants

138

-4.8% from 2022

Average account balance

$96,108

+25.4% from 2022

Annual return

14.59%

+28.85 pp from 2022

Benchmarks

See 4,138 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,138 peers

Snapshot2023

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 SOLUTIONS9+ years Service code 15 · EIN 16-1171765 333 BUTTERNUT DRIVE · SYRACUSE, NY 13214	Recordkeeping	$0

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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$11K

$85 / participant

Investment mgmt$11K98.6%
Other / not subdivided$1511.4%

% of EOY assets

0.101%

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
Auditor EIN: 161117932
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,108

$76,107+26.3%

$96,576-0.5%

$71,495+34.4%

Participation rate

79.8%

74.4%+5.4pp

76.0%+3.9pp

67.9%+11.9pp

Annual return

14.59%

22.81%-8.2pp

25.87%-11.3pp

28.85%-14.3pp

Employer contribution / active EE

$727

$2,247-67.6%

$2,965-75.5%

$2,589-71.9%

Participant deferral / active EE

$3,653

$4,218-13.4%

$4,851-24.7%

$4,291-14.9%

Admin fee / account holder

$98

$2,708-96.4%

$8,253-98.8%

$1,588-93.9%

Provider

Service type

Compensation

LIFETIME BENEFIT SOLUTIONS9+ years

Service code 15 · EIN 16-1171765

333 BUTTERNUT DRIVE · SYRACUSE, NY 13214

Recordkeeping

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