Retirement plan

HARNESS, DICKEY & PIERCE 401K PROFIT SHARING PLAN

Name: HARNESS, DICKEY & PIERCE, PLC - HARNESS, DICKEY & PIERCE 401K PROFIT SHARING PLAN (2024) Form 5500
Creator: HARNESS, DICKEY & PIERCE, PLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HARNESS, DICKEY & PIERCE 401K PROFIT SHARING PLAN, HARNESS, DICKEY & PIERCE, PLC

HARNESS, DICKEY & PIERCE, PLCEIN 38-1429059Plan #001PY 2024

5445 CORPORATE DR. STE 200 - TROY, MI 48098248-641-1600

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$162.4M

+10.3% from 2023

Total participants

375

+0.5% from 2023

Average account balance

$435,421

+9.7% from 2023

Annual return

12.89%

-4.84 pp from 2023

Benchmarks

See 3,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,296 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$162.41M

Not enough data

1 years with asset history on file

Average account balance

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

$435K

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.

373

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+12.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$39

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 3 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.7 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$12,879
CHARLES SCHWAB & CO., INC.10+ years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Securitie...	$2,229
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO.,INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3B3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$14K

$53 / participant

Recordkeeping$12K84.8%
Investment mgmt$2K15.2%

% of EOY assets

0.009%

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: DERDERIAN, KANN, SEYFERTH & SALUCCI
Auditor EIN: 381944367
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$435,421

$106,264+309.8%

$147,117+196.0%

$77,762+459.9%

Participation rate

99.3%

78.4%+20.9pp

82.2%+17.1pp

70.6%+28.7pp

Annual return

12.89%

56.94%-44.0pp

420.54%-407.6pp

31.27%-18.4pp

Employer contribution / active EE

$10,652

$4,074+161.5%

$4,932+116.0%

$2,728+290.5%

Participant deferral / active EE

$11,399

$8,003+42.4%

$8,065+41.3%

$4,651+145.1%

Admin fee / account holder

$39

$334-88.4%

$12,993-99.7%

$433-91.0%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.7 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$12,879

CHARLES SCHWAB & CO., INC.10+ years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Securitie...

$2,229

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO.,INC. AND AFFIL

Service code 59

Shareholder Servicing

HARNESS, DICKEY & PIERCE 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARNESS, DICKEY & PIERCE 401K 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