Retirement plan

HAVIS, INC. 401(K) PLAN

Name: HAVIS, INC. - HAVIS, INC. 401(K) PLAN (2024) Form 5500
Creator: HAVIS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAVIS, INC. 401(K) PLAN, HAVIS, INC.

HAVIS, INC.EIN 23-1664329Plan #001PY 2024

75 JACKSONVILLE RD - WARMINSTER, PA 18974215-394-4720havis.comLinkedIn201-500 employeesconsumer goods

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$38.1M

+21.7% from 2023

Total participants

512

-6.4% from 2023

Average account balance

$77,184

+31.1% from 2023

Annual return

31.71%

+12.49 pp from 2023

Benchmarks

See 2,381 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,381 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$38.05M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

493

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+31.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$216

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 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.6 years Filed as: NEWPORT GROUP INC. Service code 15 · EIN 23-2037969	Recordkeeping	$53,748
CBIZ RETIREMENT PLAN SERVICES4 years Filed as: CBIZ INVESTMENT ADVISORY SERVICES Service code 27 6050 OAK TREE BLVD. · CLEVELAND, OH 44131	Advisory (Plan)	$43,486
NEWPORT GROUP, INC.3 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-3169253	Bank Trustee	$9,476

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$107K

$251 / participant

Trustee / custodial$9K8.9%
Investment mgmt$45K41.9%
Salaries / allowances$30K27.9%
Contract admin$23K21.3%

% of EOY assets

0.280%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EISNER AMPER LLP
Auditor EIN: 871363769
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,184

$89,067-13.3%

$102,423-24.6%

$77,714-0.7%

Participation rate

95.5%

80.9%+14.6pp

76.5%+19.0pp

70.6%+24.9pp

Annual return

31.71%

25.01%+6.7pp

29.42%+2.3pp

31.26%+0.5pp

Employer contribution / active EE

$2,147

$2,699-20.5%

$3,023-29.0%

$2,727-21.3%

Participant deferral / active EE

$5,325

$5,147+3.5%

$5,054+5.4%

$4,649+14.5%

Admin fee / account holder

$216

$236-8.2%

$9,455-97.7%

$433-50.0%

Provider

Service type

Compensation

NEWPORT GROUP, INC.6 years

Filed as: NEWPORT GROUP INC.

Service code 15 · EIN 23-2037969

Recordkeeping

$53,748

CBIZ RETIREMENT PLAN SERVICES4 years

Filed as: CBIZ INVESTMENT ADVISORY SERVICES

Service code 27

6050 OAK TREE BLVD. · CLEVELAND, OH 44131

Advisory (Plan)

$43,486

NEWPORT GROUP, INC.3 years

Filed as: NEWPORT TRUST COMPANY

Service code 21 · EIN 27-3169253

Bank Trustee

$9,476

HAVIS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAVIS, INC. 401(K) 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