Retirement plan

HEARTHSTONE UTILITIES INC. RETIREMENT SAVINGS PLAN

Name: HEARTHSTONE UTILITES INC. - HEARTHSTONE UTILITIES INC. RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: HEARTHSTONE UTILITES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEARTHSTONE UTILITIES INC. RETIREMENT SAVINGS PLAN, HEARTHSTONE UTILITES INC.

HEARTHSTONE UTILITES INC.EIN 27-3003768Plan #002PY 2023

184 SHUMAN BLVD., SUITE 300 - NAPERVILLE, IL 60563331-249-6001

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$19.8M

+1.9% from 2022

Total participants

358

+13.7% from 2022

Average account balance

$55,796

-10.5% from 2022

Annual return

9.31%

+22.10 pp from 2022

Benchmarks

See 137 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants250-999

Cohort137 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.64M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

291

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+4.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$369

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 2 by compensation

Provider	Service type	Compensation
FREED MAXICK CPAS PC3 years Filed as: FREEDMAXICK CPAS Service code 10 · EIN 45-4051133	Accounting	$10,000
MERRILL LYNCH PIERCE FENNER & SMITH7+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$3,210

Plan features & details

Pension benefit codes2E2H2J2K2O2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$13K

$49 / participant

Other / not subdivided$13K100.0%

% of EOY assets

0.066%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,796

$331,159-83.2%

$112,923-50.6%

$74,473-25.1%

Participation rate

98.9%

81.4%+17.5pp

80.5%+18.3pp

70.7%+28.1pp

Annual return

9.31%

21.62%-12.3pp

34.13%-24.8pp

34.36%-25.0pp

Employer contribution / active EE

$5,556

$5,469+1.6%

$4,570+21.6%

$2,638+110.6%

Participant deferral / active EE

$4,880

$8,097-39.7%

$6,520-25.2%

$4,530+7.7%

Admin fee / account holder

$37

$281-86.8%

$7,046-99.5%

$347-89.3%

Provider

Service type

Compensation

FREED MAXICK CPAS PC3 years

Filed as: FREEDMAXICK CPAS

Service code 10 · EIN 45-4051133

Accounting

$10,000

MERRILL LYNCH PIERCE FENNER & SMITH7+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$3,210

HEARTHSTONE UTILITIES INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEARTHSTONE UTILITIES INC. RETIREMENT SAVINGS 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