Retirement plan

HEPNER AIR FILTER SERVICE, INC. 401(K) PROFIT SHARING PLAN

Name: HEPNER AIR FILTER SERVICE, INC. - HEPNER AIR FILTER SERVICE, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: HEPNER AIR FILTER SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEPNER AIR FILTER SERVICE, INC. 401(K) PROFIT SHARING PLAN, HEPNER AIR FILTER SERVICE, INC.

HEPNER AIR FILTER SERVICE, INC.EIN 34-0764526Plan #004PY 2023

3011 HENNINGER ROAD - CLEVELAND, OH 44109216-351-4200

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.4M

-36.1% from 2022

Total participants

0.0% from 2022

Average account balance

$160,647

-36.1% from 2022

Annual return

-8.31%

-15.64 pp from 2022

Benchmarks

See 18,494 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort18,494 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.84M

Not enough data

1 years with asset history on file

Average account balance

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

$204K

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.

300.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$79K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+4.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$69

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$744K

$185992 / participant

Other / not subdivided$744K100.0%

% of EOY assets

51.457%

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

$160,647

$96,361+66.7%

$80,607+99.3%

$139,456+15.2%

Participation rate

100.0%

73.6%+26.4pp

67.0%+33.0pp

80.3%+19.7pp

Annual return

-8.31%

1350.95%-1359.3pp

936.11%-944.4pp

373.45%-381.8pp

Employer contribution / active EE

$12,171

$3,262+273.1%

$2,724+346.7%

$4,753+156.1%

Participant deferral / active EE

$13,500

$5,232+158.0%

$4,448+203.5%

$6,711+101.2%

Admin fee / account holder

$82,663

$6,601+1152.3%

$5,379+1436.7%

$11,407+624.7%

HEPNER AIR FILTER SERVICE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEPNER AIR FILTER SERVICE, INC. 401(K) PROFIT SHARING 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