Retirement plan

HORWITH TRUCKS, INC. 401(K) RETIREMENT PLAN

Name: HORWITH TRUCKS, INC. - HORWITH TRUCKS, INC. 401(K) RETIREMENT PLAN (2017) Form 5500
Creator: HORWITH TRUCKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HORWITH TRUCKS, INC. 401(K) RETIREMENT PLAN, HORWITH TRUCKS, INC.

HORWITH TRUCKS, INC.EIN 23-1732270Plan #001PY 2017

BOX 7 RT 329 - NORTHAMPTON, PA 180670007610-261-2220LinkedIn51-200 employeestransportation/trucking/railroad

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$8.2M

+17.1% from 2016

Total participants

163

-4.1% from 2016

Average account balance

$53,238

+19.4% from 2016

Annual return

13.13%

+1.87 pp from 2016

Benchmarks

See 1,029 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,029 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.83M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

150

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.

83.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$889K

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

+25.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$202

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 2 by compensation

Provider	Service type	Compensation
PRIVATE ADVISOR GROUP LLC2+ years Filed as: PRIVATE ADVISOR GROUP Service code 27 · EIN 27-3463733	Advisory (Plan)	$18,179
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$4,801

Plan features & details

Pension benefit codes2E2G2J2K2S2T3H

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.
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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$23K

$150 / participant

Investment mgmt$18K79.1%
Contract admin$5K20.9%

% of EOY assets

0.280%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: FEGLEY & ASSOCIATES, P.C.
Auditor EIN: 231967263
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,238

$46,297+15.0%

$71,671-25.7%

$62,293-14.5%

Participation rate

94.1%

60.6%+33.5pp

68.7%+25.4pp

69.5%+24.6pp

Annual return

13.13%

22.32%-9.2pp

20.65%-7.5pp

28.90%-15.8pp

Employer contribution / active EE

$1,648

$1,412+16.7%

$2,460-33.0%

$2,042-19.3%

Participant deferral / active EE

$3,264

$2,235+46.0%

$3,438-5.1%

$3,169+3.0%

Admin fee / account holder

$149

$461-67.6%

$5,558-97.3%

$479-68.9%

Provider

Service type

Compensation

PRIVATE ADVISOR GROUP LLC2+ years

Filed as: PRIVATE ADVISOR GROUP

Service code 27 · EIN 27-3463733

Advisory (Plan)

$18,179

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$4,801

HORWITH TRUCKS, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HORWITH TRUCKS, INC. 401(K) 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