Retirement plan

F.C. HAAB CO., INC. 401(K) PLAN FOR UNION EMPLOYEES

Name: F.C. HAAB CO., INC. - F.C. HAAB CO., INC. 401(K) PLAN FOR UNION EMPLOYEES (2023) Form 5500
Creator: F.C. HAAB CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, F.C. HAAB CO., INC. 401(K) PLAN FOR UNION EMPLOYEES, F.C. HAAB CO., INC.

F.C. HAAB CO., INC.EIN 23-1269582Plan #002PY 2023

225 CITY AVE, SUITE 105 - BALA CYNWYD, PA 19004215-563-0800fchaab.comLinkedIn11-50 employeesoil & energy

Other plans on this EIN

1 filing

#001Retirement-$21.3M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$91K

+6.4% from 2022

Total participants

+25.0% from 2022

Average account balance

$22,688

+6.4% from 2022

Annual return

2.75%

+4.55 pp from 2022

Benchmarks

See 9,626 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort9,626 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$117K

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

300.0%

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

$6K

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

+7.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$113

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 codes2E2G2J2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$2K

$537 / participant

Other / not subdivided$2K100.0%

% of EOY assets

2.366%

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

$22,688

$110,278-79.4%

$95,740-76.3%

$139,466-83.7%

Participation rate

75.0%

75.7%-0.7pp

72.3%+2.7pp

80.3%-5.3pp

Annual return

2.75%

27.19%-24.4pp

28.41%-25.7pp

373.66%-370.9pp

Employer contribution / active EE

$3,260-100.0%

$2,836-100.0%

$4,754-100.0%

Participant deferral / active EE

$1,253

$4,674-73.2%

$4,244-70.5%

$6,712-81.3%

Admin fee / account holder

$537

$6,613-91.9%

$5,676-90.5%

$11,409-95.3%

F.C. HAAB CO., INC. 401(K) PLAN FOR UNION EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

F.C. HAAB CO., INC. 401(K) PLAN FOR UNION EMPLOYEES

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