Retirement plan

JESS HOWARD ELECTRIC COMPANY EMPLOYEES' AMENDED AND RESTATED 401(K) PROFIT SHARING PLAN AND TRUST

Name: JESS HOWARD ELECTRIC COMPANY, INC. - JESS HOWARD ELECTRIC COMPANY EMPLOYEES' AMENDED AND RESTATED 401(K) PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: JESS HOWARD ELECTRIC COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JESS HOWARD ELECTRIC COMPANY EMPLOYEES' AMENDED AND RESTATED 401(K) PROFIT SHARING PLAN AND TRUST, JESS HOWARD ELECTRIC COMPANY, INC.

JESS HOWARD ELECTRIC COMPANY, INC.EIN 31-4405752Plan #001PY 2023

PO BOX 400, 6630 TAYLOR ROAD - BLACKLICK, OH 43004614-861-1300jesshoward.comLinkedIn1-10 employeesconstruction

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$13.9M

+11.0% from 2022

Total participants

212

+3.4% from 2022

Average account balance

$66,045

+6.3% from 2022

Annual return

13.89%

+29.56 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.17M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

223

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+10.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
AMERIPRISE FINANCIAL SERVICES INC9+ years Service code 55 · EIN 38-2722519	Other Commissions	$31,172
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	-$5,884

Plan features & details

Pension benefit codes2E2G2F2J2K3D

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.
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

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

Expense breakdown

Schedule H Part II

Admin total

$2K

$14 / participant

Recordkeeping$2K100.0%

% of EOY assets

0.014%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: REA & ASSOCIATES, INC.
Auditor EIN: 341310724
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,045

$76,696-13.9%

$96,538-31.6%

$71,529-7.7%

Participation rate

99.3%

66.6%+32.7pp

74.3%+24.9pp

67.9%+31.4pp

Annual return

13.89%

48.32%-34.4pp

35.74%-21.9pp

28.97%-15.1pp

Employer contribution / active EE

$4,903

$3,032+61.7%

$3,740+31.1%

$2,590+89.3%

Participant deferral / active EE

$4,302

$3,770+14.1%

$4,880-11.9%

$4,291+0.2%

Admin fee / account holder

$2,030-99.5%

$6,737-99.9%

$1,588-99.4%

Provider

Service type

Compensation

AMERIPRISE FINANCIAL SERVICES INC9+ years

Service code 55 · EIN 38-2722519

Other Commissions

$31,172

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$5,884

JESS HOWARD ELECTRIC COMPANY EMPLOYEES' AMENDED AND RESTATED 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JESS HOWARD ELECTRIC COMPANY EMPLOYEES' AMENDED AND RESTATED 401(K) PROFIT SHARING PLAN AND TRUST

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