Retirement plan

FRANK B. FUHRER HOLDINGS INC. UNION EMPLOYEES' 401(K) PLAN

Name: FRANK B. FUHRER HOLDINGS INC. - FRANK B. FUHRER HOLDINGS INC. UNION EMPLOYEES' 401(K) PLAN (2023) Form 5500
Creator: FRANK B. FUHRER HOLDINGS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRANK B. FUHRER HOLDINGS INC. UNION EMPLOYEES' 401(K) PLAN, FRANK B. FUHRER HOLDINGS INC.

FRANK B. FUHRER HOLDINGS INC.EIN 25-1215711Plan #005PY 2023

3100 EAST CARSON STREET - PITTSBURGH, PA 152032110412-488-8844LinkedIn1-10 employeescomputer software

Other plans on this EIN

1 filing

#004Retirement-$44.7M assets

Prospect flagsLow assets / participant

Top hat statement on fileNQDC

Filed February 3, 2020 (most recent of 4 filings on file)

Plan administrator

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3100 East Carson Street

Pittsburgh, PA 15203

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Plans declared (1)

Supplemental Deferred Compensation Agreement1 emp

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Total assets (EOY)

$2.8M

+37.5% from 2022

Total participants

124

-2.4% from 2022

Average account balance

$22,464

+35.2% from 2022

Annual return

20.48%

+38.34 pp from 2022

Benchmarks

See 2,343 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,343 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$229K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-107.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$8K

$78 / participant

Recordkeeping$8K100.0%

% of EOY assets

0.286%

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: GROSSMAN YANAK & FORD
Auditor EIN: 251638525
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,464

$83,090-73.0%

$130,062-82.7%

$71,529-68.6%

Participation rate

100.0%

74.1%+25.9pp

78.5%+21.5pp

67.9%+32.1pp

Annual return

20.48%

20.61%-0.1pp

-137.37%+157.9pp

28.97%-8.5pp

Employer contribution / active EE

$1,016

$2,624-61.3%

$4,322-76.5%

$2,590-60.8%

Participant deferral / active EE

$2,761

$4,436-37.8%

$5,821-52.6%

$4,291-35.7%

Admin fee / account holder

$64

$1,727-96.3%

$10,601-99.4%

$1,588-95.9%

FRANK B. FUHRER HOLDINGS INC. UNION EMPLOYEES' 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRANK B. FUHRER HOLDINGS INC. UNION EMPLOYEES' 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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