Retirement plan

H-J ENTERPRISES EMPLOYEES PROFIT SHARING PLAN

Name: H-J ENTERPRISES, INC. - H-J ENTERPRISES EMPLOYEES PROFIT SHARING PLAN (2023) Form 5500
Creator: H-J ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, H-J ENTERPRISES EMPLOYEES PROFIT SHARING PLAN, H-J ENTERPRISES, INC.

H-J ENTERPRISES, INC.EIN 43-0925854Plan #001PY 2023

3010 HIGH RIDGE BLVD. - HIGH RIDGE, MO 63049636-677-3421h-jenterprises.comLinkedIn501-1000 employeeselectrical/electronic manufacturing

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$16.8M

+0.9% from 2022

Total participants

268

+7.2% from 2022

Average account balance

$78,519

-15.6% from 2022

Annual return

1.76%

+5.65 pp from 2022

Benchmarks

See 4,138 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,138 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.35M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

222

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.

53.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$331

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
FIDELITY INVESTMENTS INSTITUTIONAL6 years Service code 60 · EIN 04-2647786	Sub-TA Fees	$34,832
MONETA GROUP LLC5 years Filed as: MONETA GROUP INVESTMENT ADVISORS Service code 27 · EIN 20-1903821	Advisory (Plan)	$31,406

Plan features & details

Pension benefit codes2E2F2G2J2T2A3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$66K

$283 / participant

Other / not subdivided$66K100.0%

% of EOY assets

0.394%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SFW PARTNERS, LLC
Auditor EIN: 431764273
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,519

$76,107+3.2%

$96,576-18.7%

$71,495+9.8%

Participation rate

76.9%

74.4%+2.5pp

76.0%+0.9pp

67.9%+9.0pp

Annual return

1.76%

22.81%-21.1pp

25.87%-24.1pp

28.85%-27.1pp

Employer contribution / active EE

$3,053

$2,247+35.9%

$2,965+3.0%

$2,589+17.9%

Participant deferral / active EE

$2,429

$4,218-42.4%

$4,851-49.9%

$4,291-43.4%

Admin fee / account holder

$310

$2,708-88.6%

$8,253-96.2%

$1,588-80.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$34,832

MONETA GROUP LLC5 years

Filed as: MONETA GROUP INVESTMENT ADVISORS

Service code 27 · EIN 20-1903821

Advisory (Plan)

$31,406

H-J ENTERPRISES EMPLOYEES PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

H-J ENTERPRISES EMPLOYEES 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