Retirement plan

H-P PRODUCTS, INC. 401(K) RETIREMENT PLAN

Name: H-P PRODUCTS, INC. - H-P PRODUCTS, INC. 401(K) RETIREMENT PLAN (2017) Form 5500
Creator: H-P PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, H-P PRODUCTS, INC. 401(K) RETIREMENT PLAN, H-P PRODUCTS, INC.

H-P PRODUCTS, INC.EIN 34-0685957Plan #002PY 2017

512 WEST GORGAS STREET - LOUISVILLE, OH 44641330-875-5556

Prospect flagsLow returnsHigh feesFailed to transmit contributions

Top hat statement on fileNQDC

Filed February 19, 1999

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$31.4M

+16.1% from 2016

Total participants

394

+12.3% from 2016

Average account balance

$89,916

+16.7% from 2016

Annual return

15.67%

+5.40 pp from 2016

Benchmarks

See 2,615 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,615 peers

Snapshot2017

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$36.91M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

417

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.

92.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.06M

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

+9.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$408

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 5 by compensation

Provider	Service type	Compensation
LYKE FINANCIAL, INC.3+ years Service code 27 · EIN 34-1600417	Advisory (Plan)	$77,439
PROFESSIONAL CAPITAL SERVICES, LLC3+ years Filed as: PROFESSIONAL CAPITAL SERVICES, INC. Service code 12 · EIN 23-3038464	Consulting (general); Participant loa...	$38,010
MATSON MONEY INC3+ years Filed as: MATSON MONEY INC. Service code 27 · EIN 31-1334658	Advisory (Plan)	$33,188
HILEMAN ASSOCIATES, INC.2 years Service code 13 · EIN 34-1373917	Contract Administrator	$18,422
TD AMERITRADE, INC.3+ years Filed as: TD AMERITRADE Service code 19 · EIN 47-0533629	Securities Custodian	$5,604

Plan features & details

Pension benefit codes2E2G2J2K

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$176K

$505 / participant

Investment mgmt$176K100.0%

% of EOY assets

0.561%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,916

$155,795-42.3%

$136,294-34.0%

$69,631+29.1%

Participation rate

87.1%

75.2%+11.9pp

81.9%+5.2pp

70.7%+16.4pp

Annual return

15.67%

232464.33%-232448.7pp

5155.94%-5140.3pp

27571.02%-27555.4pp

Employer contribution / active EE

$1,648

$2,991-44.9%

$4,695-64.9%

$2,032-18.9%

Participant deferral / active EE

$2,517

$5,394-53.3%

$6,247-59.7%

$3,224-21.9%

Admin fee / account holder

$505

$128+293.6%

$9,243-94.5%

$110+357.1%

Provider

Service type

Compensation

LYKE FINANCIAL, INC.3+ years

Service code 27 · EIN 34-1600417

Advisory (Plan)

$77,439

PROFESSIONAL CAPITAL SERVICES, LLC3+ years

Filed as: PROFESSIONAL CAPITAL SERVICES, INC.

Service code 12 · EIN 23-3038464

Consulting (general); Participant loa...

$38,010

MATSON MONEY INC3+ years

Filed as: MATSON MONEY INC.

Service code 27 · EIN 31-1334658

Advisory (Plan)

$33,188

HILEMAN ASSOCIATES, INC.2 years

Service code 13 · EIN 34-1373917

Contract Administrator

$18,422

TD AMERITRADE, INC.3+ years

Filed as: TD AMERITRADE

Service code 19 · EIN 47-0533629

Securities Custodian

$5,604

H-P PRODUCTS, INC. 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

H-P PRODUCTS, INC. 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

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