Retirement plan

HYDRO-CHEM SYSTEMS INC. SAVINGS PLAN

Name: HYDRO-CHEM SYSTEMS INC - HYDRO-CHEM SYSTEMS INC. SAVINGS PLAN (2019) Form 5500
Creator: HYDRO-CHEM SYSTEMS INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HYDRO-CHEM SYSTEMS INC. SAVINGS PLAN, HYDRO-CHEM SYSTEMS INC

HYDRO-CHEM SYSTEMS INCEIN 38-1992827Plan #001PY 2019

6605 BROADMOOR AVE SE - CALEDONIA, MI 49316616-426-3511hydrochemsystems.comLinkedIn51-200 employeeschemicals

Other plans on this EIN

1 filing

#002Retirement-$2.3M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.4M

+27.6% from 2018

Total participants

-21.1% from 2018

Average account balance

$55,906

+84.0% from 2018

Annual return

24.03%

+22.10 pp from 2018

Benchmarks

See 5,807 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,807 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.09M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

104.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$397K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+19.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14683

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

$162K

$3672 / participant

Other / not subdivided$162K100.0%

% of EOY assets

6.720%

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

$55,906

$76,371-26.8%

$93,621-40.3%

$72,975-23.4%

Participation rate

70.5%

71.8%-1.3pp

75.8%-5.4pp

69.5%+1.0pp

Annual return

24.03%

25.82%-1.8pp

32.76%-8.7pp

81.01%-57.0pp

Employer contribution / active EE

$1,833

$2,276-19.5%

$2,719-32.6%

$2,440-24.9%

Participant deferral / active EE

$3,323

$3,538-6.1%

$4,070-18.3%

$3,608-7.9%

Admin fee / account holder

$3,757

$6,839-45.1%

$7,890-52.4%

$5,124-26.7%

HYDRO-CHEM SYSTEMS INC. SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HYDRO-CHEM SYSTEMS INC. SAVINGS 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