Retirement plan

HURRICANE AEROSPACE SOLUTIONS 401(K) PROFIT SHARING PLAN

Name: HURRICANE AEROSPACE SOLUTIONS - HURRICANE AEROSPACE SOLUTIONS 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: HURRICANE AEROSPACE SOLUTIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HURRICANE AEROSPACE SOLUTIONS 401(K) PROFIT SHARING PLAN, HURRICANE AEROSPACE SOLUTIONS

HURRICANE AEROSPACE SOLUTIONSEIN 20-8484535Plan #001PY 2019

1480 SW 3RD STREET, C-10 - POMPANO BEACH, FL 33069954-345-9330

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$104K

+57.6% from 2018

Total participants

+100.0% from 2018

Average account balance

$103,659

+57.6% from 2018

Annual return

27.45%

+35.82 pp from 2018

Benchmarks

See 21,378 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,378 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$254K

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

128.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$815

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

+10.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2J2T3D

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).
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

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

$103,659

$103,393+0.3%

$87,103+19.0%

$152,909-32.2%

Participation rate

16.7%

79.4%-62.7pp

76.9%-60.2pp

82.5%-65.8pp

Annual return

27.45%

28.10%-0.7pp

28.19%-0.7pp

345.46%-318.0pp

Employer contribution / active EE

$137

$3,221-95.7%

$2,521-94.6%

$4,764-97.1%

Participant deferral / active EE

$3,167

$4,778-33.7%

$4,049-21.8%

$5,851-45.9%

Admin fee / account holder

$12,195-100.0%

$7,491-100.0%

$11,601-100.0%

HURRICANE AEROSPACE SOLUTIONS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

HURRICANE AEROSPACE SOLUTIONS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion