Retirement plan

HIGH PLAINS EQUIPMENT, INC. PROFIT SHARING PLAN

Name: HIGH PLAINS EQUIPMENT, INC. - HIGH PLAINS EQUIPMENT, INC. PROFIT SHARING PLAN (2016) Form 5500
Creator: HIGH PLAINS EQUIPMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HIGH PLAINS EQUIPMENT, INC. PROFIT SHARING PLAN, HIGH PLAINS EQUIPMENT, INC.

HIGH PLAINS EQUIPMENT, INC.EIN 45-0275137Plan #001PY 2016

8373 HIGHWAY 2 EAST - DEVILS LAKE, ND 58301701-662-7522highplainseq.comLinkedIn51-200 employeesconsumer services

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$2.5M

-24.8% from 2015

Total participants

-2.6% from 2015

Average account balance

$71,636

-46.3% from 2015

Annual return

7.44%

+8.10 pp from 2015

Benchmarks

See 1,668 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants25-99

Cohort1,668 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.00M

Not enough data

1 years with asset history on file

Average account balance

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

$121K

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.

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.

107.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$739K

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

+13.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7076

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 codes2E2F2G2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$1.3M

$34705 / participant

Other / not subdivided$1M100.0%

% of EOY assets

51.215%

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

$71,636

$51,708+38.5%

$106,619-32.8%

$62,881+13.9%

Participation rate

94.6%

66.9%+27.7pp

78.0%+16.6pp

69.3%+25.3pp

Annual return

7.44%

4.69%+2.8pp

9.42%-2.0pp

20.14%-12.7pp

Employer contribution / active EE

$5,353

$1,764+203.6%

$3,947+35.6%

$2,281+134.7%

Participant deferral / active EE

$2,315-100.0%

$3,930-100.0%

$3,203-100.0%

Admin fee / account holder

$36,689

$3,349+995.6%

$6,418+471.6%

$4,296+754.1%

HIGH PLAINS EQUIPMENT, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HIGH PLAINS EQUIPMENT, INC. 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