Retirement plan

HOWLEY BREAD GROUP, LTD. 401(K) PROFIT SHARING PLAN & TRUST

Name: HOWLEY BREAD GROUP, LTD. - HOWLEY BREAD GROUP, LTD. 401(K) PROFIT SHARING PLAN & TRUST (2022) Form 5500
Creator: HOWLEY BREAD GROUP, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOWLEY BREAD GROUP, LTD. 401(K) PROFIT SHARING PLAN & TRUST, HOWLEY BREAD GROUP, LTD.

HOWLEY BREAD GROUP, LTD.EIN 34-1921619Plan #001PY 2022

159 CROCKER PARK BLVD, SUITE 290 - WESTLAKE, OH 441458132330-352-9500

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$4.4M

-22.5% from 2021

Total participants

389

-11.8% from 2021

Average account balance

$39,518

-26.0% from 2021

Annual return

-17.20%

-32.24 pp from 2021

Benchmarks

See 789 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort789 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.62M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

105

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.

20.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$440K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+14.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$302

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 2 by compensation

Provider	Service type	Compensation
HIGHLAND CONSULTING ASSOCIATES2 years Filed as: HIGHLAND CONSULTING ASSO Service code 27 · EIN 34-1753575	Advisory (Plan)	$16,374
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$14,573

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$31K

$88 / participant

Investment mgmt$16K52.9%
Contract admin$15K47.1%

% of EOY assets

0.706%

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: THORNHILL FINANCIAL LLC
Auditor EIN: 341818419
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,518

$30,086+31.4%

$61,399-35.6%

$64,814-39.0%

Participation rate

21.2%

36.4%-15.1pp

52.6%-31.3pp

71.5%-50.2pp

Annual return

-17.20%

-13.99%-3.2pp

338.81%-356.0pp

32.84%-50.0pp

Employer contribution / active EE

$409

$536-23.7%

$1,159-64.7%

$2,507-83.7%

Participant deferral / active EE

$683

$1,126-39.3%

$2,124-67.9%

$4,310-84.2%

Admin fee / account holder

$279

$148+88.2%

$2,131-86.9%

$188+48.5%

Provider

Service type

Compensation

HIGHLAND CONSULTING ASSOCIATES2 years

Filed as: HIGHLAND CONSULTING ASSO

Service code 27 · EIN 34-1753575

Advisory (Plan)

$16,374

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$14,573

HOWLEY BREAD GROUP, LTD. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOWLEY BREAD GROUP, LTD. 401(K) PROFIT SHARING PLAN & 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