Retirement plan

HODGDON YACHTS, INC. 401(K) SAVINGS & RETIREMENT PLAN

Name: THE HODGDON GROUP, LLC - HODGDON YACHTS, INC. 401(K) SAVINGS & RETIREMENT PLAN (2017) Form 5500
Creator: THE HODGDON GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HODGDON YACHTS, INC. 401(K) SAVINGS & RETIREMENT PLAN, THE HODGDON GROUP, LLC

THE HODGDON GROUP, LLCEIN 27-1403784Plan #001PY 2017

P.O. BOX 179 - SOUTHPORT, ME 04576207-633-2970

Prospect flagsLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.4M

+3.8% from 2016

Total participants

-20.5% from 2016

Average account balance

$45,456

+30.1% from 2016

Annual return

16.13%

+9.07 pp from 2016

Benchmarks

See 14,968 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,968 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.00M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

111.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$344K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1850

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

Top 2 by compensation

Provider	Service type	Compensation
DOWNEAST PENSION SERVICES, INC.3+ years Service code 13 41 CAMPUS DR., SUITE 302 · NEW GLOUCESTER, ME 04260	Contract Administrator	$12,247
COMMONWEALTH FINANCIAL NETWORK2 years Filed as: COMMONWEALTH FINANCIAL Service code 27 29 SAWYER ROAD · WALTHAM, MA 024533483	Advisory (Plan)	$8,396

Plan features & details

Pension benefit codes2F2G2J2K3B3D3H

Plan features

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$21K

$339 / participant

Contract admin$21K100.0%

% of EOY assets

0.626%

all-in expense ratio

Categories reported

1 / 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: BERRYDUNN MCNEIL & PARKER, LLC
Auditor EIN: 010523282
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,456

$67,602-32.8%

$82,312-44.8%

$70,126-35.2%

Participation rate

71.4%

72.8%-1.3pp

76.9%-5.5pp

69.5%+1.9pp

Annual return

16.13%

21.57%-5.4pp

25.88%-9.7pp

73.15%-57.0pp

Employer contribution / active EE

$1,214

$1,755-30.8%

$2,428-50.0%

$2,343-48.2%

Participant deferral / active EE

$3,157

$2,987+5.7%

$3,706-14.8%

$3,332-5.3%

Admin fee / account holder

$284

$4,512-93.7%

$5,608-94.9%

$4,645-93.9%

Provider

Service type

Compensation

DOWNEAST PENSION SERVICES, INC.3+ years

Service code 13

41 CAMPUS DR., SUITE 302 · NEW GLOUCESTER, ME 04260

Contract Administrator

$12,247

COMMONWEALTH FINANCIAL NETWORK2 years

Filed as: COMMONWEALTH FINANCIAL

Service code 27

29 SAWYER ROAD · WALTHAM, MA 024533483

Advisory (Plan)

$8,396

HODGDON YACHTS, INC. 401(K) SAVINGS & RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HODGDON YACHTS, INC. 401(K) SAVINGS & RETIREMENT 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