Retirement plan

HAFERMAN WATER CONDITIONING INC. 401(K) PLAN

Name: HAFERMAN WATER 401(K) PLAN - HAFERMAN WATER CONDITIONING INC. 401(K) PLAN (2025) Form 5500
Creator: HAFERMAN WATER 401(K) PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAFERMAN WATER CONDITIONING INC. 401(K) PLAN, HAFERMAN WATER 401(K) PLAN

HAFERMAN WATER 401(K) PLANEIN 41-0984658Plan #001PY 2025

12142 12TH AVE SOUTH - BURNSVILLE, MN 55337952-894-4040

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2M

+45.7% from 2024

Total participants

0.0% from 2024

Average account balance

$63,442

+45.7% from 2024

Annual return

18.87%

-12.83 pp from 2024

Benchmarks

See 2,538 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants25-99

Cohort2,538 peers

Snapshot2025

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.97M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

93.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$401K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+18.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1299

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 codes2E2F2G2J

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.

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

$40K

$1220 / participant

Other / not subdivided$40K100.0%

% of EOY assets

2.048%

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

$63,442

$84,953-25.3%

$163,379-61.2%

$82,637-23.2%

Participation rate

84.8%

65.9%+18.9pp

76.8%+8.0pp

68.1%+16.8pp

Annual return

18.87%

23.07%-4.2pp

63.41%-44.5pp

53.51%-34.6pp

Employer contribution / active EE

$3,366

$2,183+54.2%

$3,752-10.3%

$2,552+31.9%

Participant deferral / active EE

$8,779

$4,326+102.9%

$6,282+39.8%

$4,126+112.8%

Admin fee / account holder

$1,299

$7,921-83.6%

$9,818-86.8%

$7,339-82.3%

HAFERMAN WATER CONDITIONING INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAFERMAN WATER CONDITIONING INC. 401(K) 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