Retirement plan

HUNTER ENGINEERING COMPANY 401K PLAN

Name: HUNTER ENGINEERING COMPANY - HUNTER ENGINEERING COMPANY 401K PLAN (2022) Form 5500
Creator: HUNTER ENGINEERING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUNTER ENGINEERING COMPANY 401K PLAN, HUNTER ENGINEERING COMPANY

HUNTER ENGINEERING COMPANYEIN 43-0636684Plan #002PY 2022

11250 HUNTER DRIVE - BRIDGETON, MO 63044314-731-3020hunter.comLinkedIn1001-5000 employeesautomotive

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$133.4M

-10.9% from 2021

Total participants

1,376

+5.3% from 2021

Average account balance

$96,964

-15.3% from 2021

Annual return

-12.64%

-24.90 pp from 2021

Benchmarks

See 900 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort900 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$164.64M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

1,491

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC3 years Filed as: GLOBAL RETIREMENT PARNTERS LLC Service code 27 · EIN 47-1411118	Advisory (Plan)	$54,941
PRUDENTIAL RETIREMENT INSURANCE AND7 years Service code 37 · EIN 06-1050034	Loan Processing	$4,200
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Filed as: MML INVESTORS SERVICES, LLC Service code 33 · EIN 04-2746212	Securities brokerage commissions and ...	$0
PRUDENTIAL RETIREMENT INSURANCE AND7 years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2J2F2G2T2S3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

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

Expense breakdown

Schedule H Part II

Admin total

$61K

$55 / participant

Investment mgmt$55K89.8%
Contract admin$4K6.9%
Other / not subdivided$2K3.4%

% of EOY assets

0.046%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ARMANINO LLP
Auditor EIN: 946214841
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,964

$95,388+1.7%

$125,391-22.7%

$77,906+24.5%

Participation rate

100.0%

78.6%+21.4pp

82.4%+17.6pp

73.7%+26.3pp

Annual return

-12.64%

116.19%-128.8pp

572.41%-585.1pp

12.16%-24.8pp

Employer contribution / active EE

$6,720

$3,666+83.3%

$4,816+39.5%

$2,846+136.1%

Participant deferral / active EE

$3,346

$7,711-56.6%

$7,448-55.1%

$4,805-30.4%

Admin fee / account holder

$44

$119-62.6%

$10,009-99.6%

$133-66.5%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC3 years

Filed as: GLOBAL RETIREMENT PARNTERS LLC

Service code 27 · EIN 47-1411118

Advisory (Plan)

$54,941

PRUDENTIAL RETIREMENT INSURANCE AND7 years

Service code 37 · EIN 06-1050034

Loan Processing

$4,200

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Filed as: MML INVESTORS SERVICES, LLC

Service code 33 · EIN 04-2746212

Securities brokerage commissions and ...

PRUDENTIAL RETIREMENT INSURANCE AND7 years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15

Recordkeeping

HUNTER ENGINEERING COMPANY 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUNTER ENGINEERING COMPANY 401K 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