Retirement plan

H. A. BERKHEIMER, INC. RETIREMENT PLAN

Name: H.A. BERKHEIMER, INC. - H. A. BERKHEIMER, INC. RETIREMENT PLAN (2024) Form 5500
Creator: H.A. BERKHEIMER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, H. A. BERKHEIMER, INC. RETIREMENT PLAN, H.A. BERKHEIMER, INC.

H.A. BERKHEIMER, INC.EIN 23-1669661Plan #001PY 2024

1883 JURY ROAD - PEN ARGYL, PA 18072610-588-0965LinkedIn51-200 employeeshigher education

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$29M

+9.1% from 2023

Total participants

610

+4.5% from 2023

Average account balance

$47,965

+4.4% from 2023

Annual return

11.15%

-2.69 pp from 2023

Benchmarks

See 832 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort832 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.97M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

604

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.33M

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

+11.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$98

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
VOYA RETIREMENT INSURANCE & ANNUITY5 years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$59,316

Plan features & details

Pension benefit codes2E2F2G2J2S3D3H

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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$59K

$126 / participant

Contract admin$58K98.4%
Other / not subdivided$9501.6%

% of EOY assets

0.205%

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: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,965

$45,109+6.3%

$85,187-43.7%

$77,736-38.3%

Participation rate

98.7%

48.7%+50.1pp

67.5%+31.2pp

70.6%+28.1pp

Annual return

11.15%

79.55%-68.4pp

66.67%-55.5pp

31.26%-20.1pp

Employer contribution / active EE

$1,599

$1,602-0.1%

$2,732-41.5%

$2,728-41.4%

Participant deferral / active EE

$3,352

$2,814+19.1%

$4,525-25.9%

$4,651-27.9%

Admin fee / account holder

$98

$915-89.3%

$6,162-98.4%

$433-77.3%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY5 years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$59,316

H. A. BERKHEIMER, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

H. A. BERKHEIMER, INC. RETIREMENT 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