Retirement plan

HOBBS LUMBER AND HARDWARE, INC. PROFIT SHARING PLAN

Name: HOBBS LUMBER AND HARDWARE, INC. - HOBBS LUMBER AND HARDWARE, INC. PROFIT SHARING PLAN (2020) Form 5500
Creator: HOBBS LUMBER AND HARDWARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOBBS LUMBER AND HARDWARE, INC. PROFIT SHARING PLAN, HOBBS LUMBER AND HARDWARE, INC.

HOBBS LUMBER AND HARDWARE, INC.EIN 25-1235976Plan #001PY 2020

ROUTE 99 SOUTH, PO BOX 703 - EDINBORO, PA 16412814-734-1625hobbsdoitbest.comLinkedIn11-50 employeesaccounting

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$349K

-75.7% from 2019

Total participants

+20.0% from 2019

Average account balance

$21,788

-77.2% from 2019

Annual return

5.08%

-18.34 pp from 2019

Benchmarks

See 18,871 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort18,871 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$667K

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

188.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 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

+14.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1251

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 codes2E3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

$1.2M

$109235 / participant

Other / not subdivided$1M100.0%

% of EOY assets

344.690%

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

$21,788

$112,935-80.7%

$90,970-76.0%

$158,966-86.3%

Participation rate

81.8%

74.7%+7.1pp

69.0%+12.8pp

82.0%-0.1pp

Annual return

5.08%

215.79%-210.7pp

134.58%-129.5pp

302.95%-297.9pp

Employer contribution / active EE

$2,727

$2,895-5.8%

$2,122+28.5%

$4,762-42.7%

Participant deferral / active EE

$4,129-100.0%

$3,373-100.0%

$5,983-100.0%

Admin fee / account holder

$75,099

$8,045+833.5%

$5,960+1160.0%

$11,250+567.6%

HOBBS LUMBER AND HARDWARE, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOBBS LUMBER AND HARDWARE, INC. 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