Retirement plan

HARDWARE DISTRIBUTORS, LTD. 401(K) RETIREMENT SAVINGS PLAN

Name: HARDWARE DISTRIBUTORS, LTD. - HARDWARE DISTRIBUTORS, LTD. 401(K) RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: HARDWARE DISTRIBUTORS, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HARDWARE DISTRIBUTORS, LTD. 401(K) RETIREMENT SAVINGS PLAN, HARDWARE DISTRIBUTORS, LTD.

HARDWARE DISTRIBUTORS, LTD.EIN 41-1505651Plan #001PY 2024

5 INDUSTRIAL BLVD. - SAUK RAPIDS, MN 56379320-255-9850

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.8M

+14.3% from 2023

Total participants

107

-9.3% from 2023

Average account balance

$112,041

+27.3% from 2023

Annual return

14.47%

-2.70 pp from 2023

Benchmarks

See 2,345 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,345 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.76M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

105

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

$692K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6794

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

$713K

$7063 / participant

Other / not subdivided$713K100.0%

% of EOY assets

6.064%

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

$112,041

$88,186+27.1%

$165,071-32.1%

$74,459+50.5%

Participation rate

98.0%

73.1%+24.9pp

78.6%+19.4pp

67.2%+30.8pp

Annual return

14.47%

17.13%-2.7pp

70.17%-55.7pp

1369.70%-1355.2pp

Employer contribution / active EE

$2,064

$2,600-20.6%

$4,347-52.5%

$2,626-21.4%

Participant deferral / active EE

$4,792

$4,505+6.4%

$6,035-20.6%

$4,350+10.2%

Admin fee / account holder

$6,794

$2,234+204.1%

$12,695-46.5%

$1,945+249.4%

HARDWARE DISTRIBUTORS, LTD. 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARDWARE DISTRIBUTORS, LTD. 401(K) RETIREMENT 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