Retirement plan

HARRIS GLASS COMPANY RETIREMENT READINESS 401(K) PLAN

Name: HARRIS GLASS COMPANY, INC. - HARRIS GLASS COMPANY RETIREMENT READINESS 401(K) PLAN (2023) Form 5500
Creator: HARRIS GLASS COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HARRIS GLASS COMPANY RETIREMENT READINESS 401(K) PLAN, HARRIS GLASS COMPANY, INC.

HARRIS GLASS COMPANY, INC.EIN 35-1970855Plan #001PY 2023

805 BURLINGTON AVENUE - LOGANSPORT, IN 46947574-753-5115

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$210K

+47.9% from 2022

Total participants

0.0% from 2022

Average account balance

$23,316

+15.0% from 2022

Annual return

21.10%

+33.09 pp from 2022

Benchmarks

See 51,545 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort51,545 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$304K

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

70.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$49K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+25.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1166

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 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

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

$11K

$1239 / participant

Other / not subdivided$11K100.0%

% of EOY assets

5.314%

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

$23,316

$106,280-78.1%

$96,538-75.8%

$139,487-83.3%

Participation rate

77.8%

77.8%-0.1pp

74.3%+3.4pp

80.3%-2.6pp

Annual return

21.10%

38.48%-17.4pp

35.74%-14.6pp

373.84%-352.7pp

Employer contribution / active EE

$1,224

$4,107-70.2%

$3,740-67.3%

$4,755-74.3%

Participant deferral / active EE

$4,127

$5,457-24.4%

$4,880-15.4%

$6,713-38.5%

Admin fee / account holder

$1,239

$7,888-84.3%

$6,737-81.6%

$11,407-89.1%

HARRIS GLASS COMPANY RETIREMENT READINESS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARRIS GLASS COMPANY RETIREMENT READINESS 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