Retirement plan

HORN TEXTILE, INC. 401(K) PROFIT SHARING PLAN

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

HORN TEXTILE, INC.EIN 25-0557360Plan #002PY 2020

600 NORTH BROWN STREET - TITUSVILLE, PA 16354814-827-3606ribbonfactory.comLinkedIn1-10 employeesconsumer goods

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.1M

+7.3% from 2019

Total participants

+2.4% from 2019

Average account balance

$58,585

+10.3% from 2019

Annual return

-0.60%

-3.30 pp from 2019

Benchmarks

See 2,371 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,371 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.90M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

78.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$224K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+20.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11635

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 codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$155K

$3984 / participant

Other / not subdivided$155K100.0%

% of EOY assets

7.366%

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

$58,585

$63,082-7.1%

$81,716-28.3%

$79,852-26.6%

Participation rate

84.6%

67.5%+17.1pp

72.0%+12.6pp

69.6%+15.0pp

Annual return

-0.60%

22.66%-23.3pp

29.49%-30.1pp

31.72%-32.3pp

Employer contribution / active EE

$1,180

$1,795-34.3%

$4,310-72.6%

$2,471-52.2%

Participant deferral / active EE

$2,804

$2,780+0.8%

$7,108-60.5%

$3,740-25.0%

Admin fee / account holder

$4,316

$4,428-2.5%

$5,159-16.4%

$5,306-18.7%

HORN TEXTILE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HORN TEXTILE, 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