Retirement plan

H. J. DEATON & SON, INC. PROFIT SHARING PLAN

Name: H. J. DEATON & SON, INC. - H. J. DEATON & SON, INC. PROFIT SHARING PLAN (2023) Form 5500
Creator: H. J. DEATON & SON, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, H. J. DEATON & SON, INC. PROFIT SHARING PLAN, H. J. DEATON & SON, INC.

H. J. DEATON & SON, INC.EIN 38-1858424Plan #001PY 2023

7911 DOUGLAS AVENUE - KALAMAZOO, MI 49009269-342-0519LinkedIn1-10 employeespackage/freight delivery

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.6M

-11.5% from 2022

Total participants

-11.4% from 2022

Average account balance

$52,357

-0.1% from 2022

Annual return

-6.40%

-9.96 pp from 2022

Benchmarks

See 9,391 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort9,391 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.83M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

152.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$90K

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

+14.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7443

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 codes2E2G2J2F2T3D

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

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

$188K

$9903 / participant

Other / not subdivided$188K100.0%

% of EOY assets

11.593%

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

$52,357

$85,060-38.4%

$70,548-25.8%

$139,456-62.5%

Participation rate

100.0%

73.9%+26.1pp

68.3%+31.7pp

80.3%+19.7pp

Annual return

-6.40%

30.38%-36.8pp

32.78%-39.2pp

373.45%-379.8pp

Employer contribution / active EE

$3,138

$3,911-19.8%

$2,975+5.5%

$4,753-34.0%

Participant deferral / active EE

$1,774

$5,890-69.9%

$4,567-61.2%

$6,711-73.6%

Admin fee / account holder

$6,070

$8,925-32.0%

$6,424-5.5%

$11,407-46.8%

H. J. DEATON & SON, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

H. J. DEATON & SON, INC. 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