Retirement plan

HARBOR SPRINGS EXCAVATING, INC. PROFIT SHARING PLAN

Name: HARBOR SPRINGS EXCAVATING, INC. - HARBOR SPRINGS EXCAVATING, INC. PROFIT SHARING PLAN (2024) Form 5500
Creator: HARBOR SPRINGS EXCAVATING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HARBOR SPRINGS EXCAVATING, INC. PROFIT SHARING PLAN, HARBOR SPRINGS EXCAVATING, INC.

HARBOR SPRINGS EXCAVATING, INC.EIN 38-2699206Plan #001PY 2024

1084 MCBRIDE PARK DRIVE - HARBOR SPRINGS, MI 497409429231-347-1191hsexcavating.netLinkedIn1-10 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$262K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.3M

+12.2% from 2023

Total participants

+14.6% from 2023

Average account balance

$52,107

+2.2% from 2023

Annual return

12.97%

+1.65 pp from 2023

Benchmarks

See 18,536 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,536 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.34M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

132.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$199K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5243

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 codes3D2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

$236K

$6939 / participant

Other / not subdivided$236K100.0%

% of EOY assets

10.062%

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

$52,107

$81,476-36.0%

$102,383-49.1%

$80,925-35.6%

Participation rate

94.1%

66.8%+27.3pp

74.5%+19.6pp

67.7%+26.5pp

Annual return

12.97%

25.59%-12.6pp

24.94%-12.0pp

35.65%-22.7pp

Employer contribution / active EE

$2,196

$3,105-29.3%

$3,870-43.3%

$2,756-20.3%

Participant deferral / active EE

$3,646

$3,871-5.8%

$5,060-27.9%

$4,299-15.2%

Admin fee / account holder

$5,243

$6,717-22.0%

$8,391-37.5%

$6,940-24.5%

HARBOR SPRINGS EXCAVATING, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARBOR SPRINGS EXCAVATING, 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