Retirement plan

HOMELIFT OF AMERICA, INC. 401(K) PLAN

Name: HOMELIFT OF AMERICA, INC. - HOMELIFT OF AMERICA, INC. 401(K) PLAN (2022) Form 5500
Creator: HOMELIFT OF AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOMELIFT OF AMERICA, INC. 401(K) PLAN, HOMELIFT OF AMERICA, INC.

HOMELIFT OF AMERICA, INC.EIN 32-0014119Plan #004PY 2022

P.O. BOX 780 - PLUMSTEADVILLE, PA 18949215-766-3380homeliftofamerica.comLinkedIn1-10 employeesconstruction

Other plans on this EIN

2 filings

#003Retirement-$3.6M assets #002Retirement-$669K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.3M

-7.5% from 2021

Total participants

-1.5% from 2021

Average account balance

$68,838

-10.4% from 2021

Annual return

-16.21%

-16.21 pp from 2021

Benchmarks

See 9,363 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,363 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.17M

Not enough data

1 years with asset history on file

Average account balance

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

$109K

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.

108.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$620K

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

+15.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8555

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2T3D3H

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$44K

$749 / participant

Other / not subdivided$44K100.0%

% of EOY assets

1.019%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,838

$54,355+26.6%

$82,744-16.8%

$68,486+0.5%

Participation rate

98.3%

63.9%+34.4pp

72.6%+25.7pp

67.9%+30.4pp

Annual return

-16.21%

-13.67%-2.5pp

702.22%-718.4pp

-7.85%-8.4pp

Employer contribution / active EE

$3,707

$2,219+67.1%

$3,008+23.2%

$2,597+42.8%

Participant deferral / active EE

$3,968

$3,246+22.2%

$4,395-9.7%

$4,028-1.5%

Admin fee / account holder

$702

$4,397-84.0%

$5,325-86.8%

$5,404-87.0%

HOMELIFT OF AMERICA, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOMELIFT OF AMERICA, 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