Retirement plan

HEF-USA, INC 401(K) PLAN

Name: HEF-USA, INC. - HEF-USA, INC 401(K) PLAN (2024) Form 5500
Creator: HEF-USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEF-USA, INC 401(K) PLAN, HEF-USA, INC.

HEF-USA, INC.EIN 31-1370673Plan #001PY 2024

2015 PROGRESS DRIVE - SPRINGFIELD, OH 45505937-323-2556

Prospect flagsLow fidelity bondFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$14.9M

+15.8% from 2023

Total participants

445

+1.4% from 2023

Average account balance

$44,520

+15.4% from 2023

Annual return

12.89%

-4.28 pp from 2023

Benchmarks

See 111 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort111 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.87M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

334

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.

71.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$217

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 3 by compensation

Provider	Service type	Compensation
HAYS COMPANIES3 years Filed as: HAYS FINANCIAL GROUP Service code 27 · EIN 41-1931920	Advisory (Plan)	$40,915
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 37 · EIN 04-2647786	Loan Processing	$29,300
WEALTH MANAGEMENT SYSTEMS INC3 years Service code 49 · EIN 22-3734996	Other Services	$0

Plan features & details

Pension benefit codes2G2J2S2T3H2E2K2F3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

3 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$72K

$186 / participant

Recordkeeping$29K40.5%
Investment mgmt$43K59.5%

% of EOY assets

0.487%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KRUGGEL LAWTON& COMPANY, LLC
Auditor EIN: 351307701
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,520

$36,806+21.0%

$69,611-36.0%

$77,714-42.7%

Participation rate

71.5%

64.4%+7.2pp

66.4%+5.1pp

70.6%+1.0pp

Annual return

12.89%

38.81%-25.9pp

101.14%-88.2pp

31.26%-18.4pp

Employer contribution / active EE

$1,597

$1,257+27.1%

$1,709-6.5%

$2,727-41.4%

Participant deferral / active EE

$3,191

$2,738+16.5%

$2,891+10.4%

$4,649-31.4%

Admin fee / account holder

$217

$507-57.2%

$4,696-95.4%

$433-50.0%

Provider

Service type

Compensation

HAYS COMPANIES3 years

Filed as: HAYS FINANCIAL GROUP

Service code 27 · EIN 41-1931920

Advisory (Plan)

$40,915

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 37 · EIN 04-2647786

Loan Processing

$29,300

WEALTH MANAGEMENT SYSTEMS INC3 years

Service code 49 · EIN 22-3734996

Other Services

HEF-USA, INC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEF-USA, INC 401(K) 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