Retirement plan

PROFIT SHARING & 401(K) PLAN FOR NON-BARGAINING EMPLOYEES OF HBD INDUSTRIES, INC AND SUBSIDIARIES

Name: HBD INDUSTRIES, INC. - PROFIT SHARING & 401(K) PLAN FOR NON-BARGAINING EMPLOYEES OF HBD INDUSTRIES, INC AND SUBSIDIARIES (2017) Form 5500
Creator: HBD INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROFIT SHARING & 401(K) PLAN FOR NON-BARGAINING EMPLOYEES OF HBD INDUSTRIES, INC AND SUBSIDIARIES, HBD INDUSTRIES, INC.

HBD INDUSTRIES, INC.EIN 25-1555749Plan #021PY 2017

5200 UPPER METRO PLACE, SUITE 110 - DUBLIN, OH 43017614-526-7000hbdindustries.comLinkedIn1001-5000 employeesmechanical or industrial engineering

Other plans on this EIN

4 filings

#270Retirement-$9.9M assets #002Retirement-$3.7M assets #004Retirement-$2.8M assets #023Retirement--

Prospect flagsLow returnsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$61.6M

+4.0% from 2016

Total participants

939

-23.7% from 2016

Average account balance

$65,577

+36.3% from 2016

Annual return

13.13%

-143.14 pp from 2016

Benchmarks

See 1,152 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,152 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$66.10M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

985

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.

92.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.06M

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

+12.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$152

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND3+ years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 13 · EIN 22-1211670	Contract Administrator	$156,248
GLOBAL RETIREMENT PARTNERS LLC1 year Filed as: GLOBAL RETIREMENT PARTNERS Service code 27 · EIN 47-1411118	Advisory (Plan)	$13,220
LPL FINANCIAL3+ years Filed as: LPL FINANCIAL LLC-RPLP Service code 33 · EIN 95-2834236	Securities brokerage commissions and ...	$0
PRUDENTIAL RETIREMENT INSURANCE AND3+ years Service code 15 · EIN 06-1050034	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.

Opportunity flags

4 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$344K

$496 / participant

Other / not subdivided$344K100.0%

% of EOY assets

0.558%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: REA & ASSOCIATE, INC.
Auditor EIN: 341310124
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,577

$75,284-12.9%

$91,004-27.9%

$69,631-5.8%

Participation rate

100.0%

80.4%+19.6pp

75.6%+24.4pp

70.7%+29.3pp

Annual return

13.13%

48.40%-35.3pp

4.60%+8.5pp

27571.02%-27557.9pp

Employer contribution / active EE

$2,823

$2,473+14.2%

$2,456+15.0%

$2,032+38.9%

Participant deferral / active EE

$3,518

$3,700-4.9%

$3,548-0.8%

$3,224+9.1%

Admin fee / account holder

$366

$111+231.1%

$5,417-93.2%

$110+231.5%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND3+ years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 13 · EIN 22-1211670

Contract Administrator

$156,248

GLOBAL RETIREMENT PARTNERS LLC1 year

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 27 · EIN 47-1411118

Advisory (Plan)

$13,220

LPL FINANCIAL3+ years

Filed as: LPL FINANCIAL LLC-RPLP

Service code 33 · EIN 95-2834236

Securities brokerage commissions and ...

PRUDENTIAL RETIREMENT INSURANCE AND3+ years

Service code 15 · EIN 06-1050034

Recordkeeping

PROFIT SHARING & 401(K) PLAN FOR NON-BARGAINING EMPLOYEES OF HBD INDUSTRIES, INC AND SUBSIDIARIES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROFIT SHARING & 401(K) PLAN FOR NON-BARGAINING EMPLOYEES OF HBD INDUSTRIES, INC AND SUBSIDIARIES

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