Retirement plan

HYDRO-MECHANICAL SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Name: HYDRO-MECHANCIAL SYSTEMS, INC. - HYDRO-MECHANICAL SYSTEMS, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: HYDRO-MECHANCIAL SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HYDRO-MECHANICAL SYSTEMS, INC. 401(K) PROFIT SHARING PLAN, HYDRO-MECHANCIAL SYSTEMS, INC.

HYDRO-MECHANCIAL SYSTEMS, INC.EIN 23-1901966Plan #003PY 2020

1030 DELSEA DRIVE, P.O.BOX 87 - WESTVILLE, NJ 08093856-848-2367LinkedIn1-10 employeesmechanical or industrial engineering

Other plans on this EIN

1 filing

#001Retirement-$111K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.3M

+18.3% from 2019

Total participants

0.0% from 2019

Average account balance

$142,848

+18.3% from 2019

Annual return

10.54%

-7.76 pp from 2019

Benchmarks

See 21,446 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,446 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.93M

Not enough data

1 years with asset history on file

Average account balance

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

$226K

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$174K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17690

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 codes2E2G2J2T3D

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$52K

$3715 / participant

Other / not subdivided$52K100.0%

% of EOY assets

2.275%

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

$142,848

$112,131+27.4%

$95,964+48.9%

$158,982-10.1%

Participation rate

85.7%

79.0%+6.7pp

77.1%+8.6pp

82.0%+3.7pp

Annual return

10.54%

171.19%-160.6pp

91.64%-81.1pp

302.99%-292.4pp

Employer contribution / active EE

$9,611

$3,199+200.4%

$2,541+278.2%

$4,763+101.8%

Participant deferral / active EE

$3,811

$4,784-20.3%

$4,167-8.5%

$5,983-36.3%

Admin fee / account holder

$3,250

$10,136-67.9%

$6,797-52.2%

$11,252-71.1%

HYDRO-MECHANICAL SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HYDRO-MECHANICAL SYSTEMS, INC. 401(K) PROFIT SHARING 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