Retirement plan

HOMEWOOD DISPOSAL SERVICE, INC. 401(K) PROFIT SHARING PLAN

Name: HOMEWOOD DISPOSAL SERVICE, INC. - HOMEWOOD DISPOSAL SERVICE, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: HOMEWOOD DISPOSAL SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOMEWOOD DISPOSAL SERVICE, INC. 401(K) PROFIT SHARING PLAN, HOMEWOOD DISPOSAL SERVICE, INC.

HOMEWOOD DISPOSAL SERVICE, INC.EIN 36-3519935Plan #001PY 2021

1501 W 175TH STREET - HOMEWOOD, IL 604304608708-332-0222mydisposal.comLinkedIn201-500 employeesenvironmental services

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$56.5M

+11.4% from 2020

Total participants

633

+2.3% from 2020

Average account balance

$144,950

+5.7% from 2020

Annual return

10.28%

-22.40 pp from 2020

Benchmarks

See 736 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort736 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.62M

Not enough data

1 years with asset history on file

Average account balance

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

$138K

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.

446

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.

59.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.55M

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

+15.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$504

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY5 years Service code 13 · EIN 42-0127290	Contract Administrator	$218,168
WOODBURY FINANCIAL SERVICES1 year Filed as: WOODBURY FINANCIAL SERVICES, INC. Service code 49 · EIN 41-0944586	Other Services	$103,474
EVENHOUSE & CO., P.C.2 years Service code 10 · EIN 36-2848023	Accounting	$5,120

Plan features & details

Pension benefit codes2E2G2J2K2T3D

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.
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

3 tripped

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

$218K

$373 / participant

Contract admin$218K100.0%

% of EOY assets

0.386%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CASSELL PLAN AUDITS, INC.
Auditor EIN: 462966358
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$144,950

$41,647+248.0%

$96,161+50.7%

$86,813+67.0%

Participation rate

58.5%

50.3%+8.2pp

68.4%-10.0pp

72.3%-13.8pp

Annual return

10.28%

27.24%-17.0pp

192.01%-181.7pp

97.93%-87.6pp

Employer contribution / active EE

$1,301

$1,328-2.0%

$2,798-53.5%

$2,406-45.9%

Participant deferral / active EE

$3,284

$2,412+36.1%

$4,349-24.5%

$4,131-20.5%

Admin fee / account holder

$559

$169+230.3%

$5,538-89.9%

$170+229.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY5 years

Service code 13 · EIN 42-0127290

Contract Administrator

$218,168

WOODBURY FINANCIAL SERVICES1 year

Filed as: WOODBURY FINANCIAL SERVICES, INC.

Service code 49 · EIN 41-0944586

Other Services

$103,474

EVENHOUSE & CO., P.C.2 years

Service code 10 · EIN 36-2848023

Accounting

$5,120

HOMEWOOD DISPOSAL SERVICE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOMEWOOD DISPOSAL 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