Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF HANDISHOP INDUSTRIES, INC.

Name: HANDISHOP INDUSTRIES, INC. - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF HANDISHOP INDUSTRIES, INC. (2024) Form 5500
Creator: HANDISHOP INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF HANDISHOP INDUSTRIES, INC., HANDISHOP INDUSTRIES, INC.

HANDISHOP INDUSTRIES, INC.EIN 23-7195604Plan #003PY 2024

1411 N SUPERIOR AVE - TOMAH, WI 546601131608-372-3289handishop.orgLinkedIn11-50 employees

Other plans on this EIN

1 filing

#004Retirement-$39K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1M

+8.7% from 2023

Total participants

0.0% from 2023

Average account balance

$103,989

+19.6% from 2023

Annual return

14.04%

-3.94 pp from 2023

Benchmarks

See 109,298 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.04M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$79K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12992

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 codes2G3D2J2E

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.
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

$130K

$16240 / participant

Other / not subdivided$130K100.0%

% of EOY assets

12.493%

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

$103,989

$183,516-43.3%

$155,534-33.1%

$145,884-28.7%

Participation rate

87.5%

82.7%+4.8pp

78.2%+9.3pp

80.3%+7.2pp

Annual return

14.04%

61.43%-47.4pp

64.92%-50.9pp

551.85%-537.8pp

Employer contribution / active EE

$7,500

$5,315+41.1%

$4,675+60.4%

$4,662+60.9%

Participant deferral / active EE

$2,362

$6,467-63.5%

$5,630-58.1%

$6,690-64.7%

Admin fee / account holder

$12,992

$19,293-32.7%

$15,900-18.3%

$13,392-3.0%

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF HANDISHOP INDUSTRIES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF HANDISHOP INDUSTRIES, INC.

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