Retirement plan

HIGHWAY EQUIPMENT COMPANY RETIREMENT PLAN

Name: HIGHWAY EQUIPMENT COMPANY - HIGHWAY EQUIPMENT COMPANY RETIREMENT PLAN (2017) Form 5500
Creator: HIGHWAY EQUIPMENT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HIGHWAY EQUIPMENT COMPANY RETIREMENT PLAN, HIGHWAY EQUIPMENT COMPANY

HIGHWAY EQUIPMENT COMPANYEIN 42-1102581Plan #003PY 2017

1330 76TH AVENUE SW - CEDAR RAPIDS, IA 52404319-286-3151highwayequipment.comLinkedIn51-200 employeesmachinery

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed September 5, 1991

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$15.7M

+24.2% from 2016

Total participants

176

+2.9% from 2016

Average account balance

$100,891

+18.7% from 2016

Annual return

20.05%

+18.30 pp from 2016

Benchmarks

See 4,147 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,147 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.53M

Not enough data

1 years with asset history on file

Average account balance

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

$166K

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.

178

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.

79.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+15.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$694

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

1 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS2+ years Filed as: CAPITAL RESEARCH & MANAGEMENT CO. Service code 25 · EIN 95-1411037	Directed Trustee	$550
NATIONS FINANCIAL GROUP INC1 year Filed as: NATIONS FINANCIAL GROUP INC. Service code 55 373 COLLINS RD NE STE 214 · CEDAR RAPIDS, IA 524023167	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$550

$4 / participant

Contract admin$550100.0%

% of EOY assets

0.003%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BERGANKDV, LTD.
Auditor EIN: 411431613
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,891

$64,909+55.4%

$82,312+22.6%

$62,293+62.0%

Participation rate

85.8%

74.9%+10.9pp

76.9%+8.9pp

69.5%+16.3pp

Annual return

20.05%

21.18%-1.1pp

25.88%-5.8pp

28.90%-8.8pp

Employer contribution / active EE

$2,015

$1,676+20.2%

$2,428-17.0%

$2,042-1.3%

Participant deferral / active EE

$4,802

$3,103+54.7%

$3,706+29.6%

$3,169+51.5%

Admin fee / account holder

$440-99.2%

$5,608-99.9%

$479-99.3%

Provider

Service type

Compensation

AMERICAN FUNDS2+ years

Filed as: CAPITAL RESEARCH & MANAGEMENT CO.

Service code 25 · EIN 95-1411037

Directed Trustee

$550

NATIONS FINANCIAL GROUP INC1 year

Filed as: NATIONS FINANCIAL GROUP INC.

Service code 55

373 COLLINS RD NE STE 214 · CEDAR RAPIDS, IA 524023167

Other Commissions

HIGHWAY EQUIPMENT COMPANY RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HIGHWAY EQUIPMENT COMPANY RETIREMENT PLAN

Top hat statement on fileNQDC

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