Retirement plan

HENRY INVESTMENT GROUP 401(K) PLAN

Name: HENRY INVESTMENT GROUP, LLC - HENRY INVESTMENT GROUP 401(K) PLAN (2020) Form 5500
Creator: HENRY INVESTMENT GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HENRY INVESTMENT GROUP 401(K) PLAN, HENRY INVESTMENT GROUP, LLC

HENRY INVESTMENT GROUP, LLCEIN 45-3341907Plan #001PY 2020

900 PARKER SQUARE, SUITE 250 - FLOWER MOUND, TX 75028972-885-6950henryinvestmentgroup.comLinkedIn501-1000 employeesinvestment management

Prospect flagsHigh feesLow participationLow employer contributionLow participant contributionLow fidelity bondFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$1.3M

+19.0% from 2019

Total participants

369

+15.0% from 2019

Average account balance

$46,221

+14.7% from 2019

Annual return

15.12%

-11.71 pp from 2019

Benchmarks

See 1,455 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,455 peers

Snapshot2020

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$2.43M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

21.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$356K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+9.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5429

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

See the 9-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 2 by compensation

Provider	Service type	Compensation
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN TRUST COMPANY Service code 15 855 MAIN STREET, 4TH FLOOR · DUBUQUE, IA 52001	Recordkeeping	$6,456
FLEXIBLE PLAN INVESTMENTS LTD4 years Filed as: FLEXIBLE PLAN - INVEST MANAGEMENT Service code 16 3883 TELEGRAPH ROAD · BLOOMFIELD HILLS, MI 48302	Consulting	$6,025

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

7 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer 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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$12K

$34 / participant

Other / not subdivided$12K100.0%

% of EOY assets

0.964%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,221

$111,608-58.6%

$177,821-74.0%

$73,409-37.0%

Participation rate

5.8%

87.9%-82.1pp

87.7%-81.9pp

72.2%-66.4pp

Annual return

15.12%

18.23%-3.1pp

48.32%-33.2pp

59.29%-44.2pp

Employer contribution / active EE

$67

$3,796-98.2%

$5,918-98.9%

$2,234-97.0%

Participant deferral / active EE

$378

$6,199-93.9%

$7,714-95.1%

$3,805-90.1%

Admin fee / account holder

$446

$166+169.2%

$12,427-96.4%

$158+182.3%

Provider

Service type

Compensation

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN TRUST COMPANY

Service code 15

855 MAIN STREET, 4TH FLOOR · DUBUQUE, IA 52001

Recordkeeping

$6,456

FLEXIBLE PLAN INVESTMENTS LTD4 years

Filed as: FLEXIBLE PLAN - INVEST MANAGEMENT

Service code 16

3883 TELEGRAPH ROAD · BLOOMFIELD HILLS, MI 48302

Consulting

$6,025

HENRY INVESTMENT GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HENRY INVESTMENT GROUP 401(K) 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