Retirement plan

HARDY EQUIPMENT RENTALS, LLC 401(K) PROFIT SHARING PLAN

Name: HARDY EQUIPMENT RENTALS, LLC - HARDY EQUIPMENT RENTALS, LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: HARDY EQUIPMENT RENTALS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HARDY EQUIPMENT RENTALS, LLC 401(K) PROFIT SHARING PLAN, HARDY EQUIPMENT RENTALS, LLC

HARDY EQUIPMENT RENTALS, LLCEIN 45-5159357Plan #001PY 2022

6000 N CR 1150, SUITE D - MIDLAND, TX 79705432-599-3917gohardy.comLinkedIn11-50 employeesretail

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$416K

-20.1% from 2021

Total participants

-8.3% from 2021

Average account balance

$41,579

-12.1% from 2021

Annual return

-25.64%

-37.50 pp from 2021

Benchmarks

See 18,475 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort18,475 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$858K

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

58.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$98K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22004

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 codes2E2F2J2T3D

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).
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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$60K

$8525 / participant

Other / not subdivided$60K100.0%

% of EOY assets

14.352%

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

$41,579

$190,916-78.2%

$160,037-74.0%

$134,545-69.1%

Participation rate

85.7%

82.0%+3.7pp

78.0%+7.7pp

81.2%+4.5pp

Annual return

-25.64%

552.79%-578.4pp

408.95%-434.6pp

418.37%-444.0pp

Employer contribution / active EE

$3,249

$4,996-35.0%

$4,226-23.1%

$4,742-31.5%

Participant deferral / active EE

$9,376

$6,925+35.4%

$6,184+51.6%

$6,401+46.5%

Admin fee / account holder

$5,967

$10,497-43.2%

$8,716-31.5%

$11,431-47.8%

HARDY EQUIPMENT RENTALS, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARDY EQUIPMENT RENTALS, LLC 401(K) 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