Retirement plan

H.E. WILLIAMS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: H.E. WILLIAMS, INC. - H.E. WILLIAMS, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: H.E. WILLIAMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, H.E. WILLIAMS, INC. 401(K) PROFIT SHARING PLAN AND TRUST, H.E. WILLIAMS, INC.

H.E. WILLIAMS, INC.EIN 44-0491260Plan #002PY 2023

P.O. BOX 837 - CARTHAGE, MO 64836417-358-4065hew.comLinkedIn201-500 employeeselectrical/electronic manufacturing

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$30.2M

+17.2% from 2022

Total participants

333

-11.0% from 2022

Average account balance

$111,420

+31.9% from 2022

Annual return

17.42%

+34.08 pp from 2022

Benchmarks

See 2,427 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,427 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$35.59M

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.

318

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+16.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$285

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO9+ years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$45,934
ADP BROKER-DEALER2 years Filed as: PENSION CONSULTANTS INC Service code 27 300 S CAMPBELL AVE · SPRINGFIELD, MO 65806	Advisory (Plan)	$45,000
MATRIX TRUST COMPANY3 years Service code 19 · EIN 75-3182674	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

$91K

$306 / participant

Recordkeeping$46K50.5%
Investment mgmt$45K49.5%

% of EOY assets

0.301%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,420

$99,078+12.5%

$96,544+15.4%

$74,419+49.7%

Participation rate

79.1%

80.7%-1.5pp

76.0%+3.2pp

70.7%+8.4pp

Annual return

17.42%

22.48%-5.1pp

25.84%-8.4pp

34.38%-17.0pp

Employer contribution / active EE

$1,973

$2,570-23.2%

$2,965-33.5%

$2,637-25.2%

Participant deferral / active EE

$3,070

$4,933-37.8%

$4,851-36.7%

$4,528-32.2%

Admin fee / account holder

$336

$225+49.4%

$8,252-95.9%

$348-3.5%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO9+ years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$45,934

ADP BROKER-DEALER2 years

Filed as: PENSION CONSULTANTS INC

Service code 27

300 S CAMPBELL AVE · SPRINGFIELD, MO 65806

Advisory (Plan)

$45,000

MATRIX TRUST COMPANY3 years

Service code 19 · EIN 75-3182674

Securities Custodian

H.E. WILLIAMS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

H.E. WILLIAMS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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