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 (2024) 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 2024

5316 BELLA PLACE - MIDLAND, TX 79707432-599-3917gohardy.comLinkedIn11-50 employeesretail

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$792K

+28.1% from 2023

Total participants

-15.8% from 2023

Average account balance

$88,036

+42.3% from 2023

Annual return

12.26%

-10.53 pp from 2023

Benchmarks

See 20,123 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort20,123 peers

Snapshot2024

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 codes2E2J2F2G3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$14K

$1097 / participant

Other / not subdivided$14K100.0%

% of EOY assets

1.800%

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

$88,036

$211,105-58.3%

$178,449-50.7%

$145,978-39.7%

Participation rate

46.2%

80.8%-34.6pp

77.1%-30.9pp

80.3%-34.1pp

Annual return

12.26%

30.19%-17.9pp

27.09%-14.8pp

550.52%-538.3pp

Employer contribution / active EE

$1,803

$4,569-60.5%

$3,951-54.4%

$4,662-61.3%

Participant deferral / active EE

$6,323

$6,959-9.1%

$6,277+0.7%

$6,690-5.5%

Admin fee / account holder

$1,584

$12,017-86.8%

$10,362-84.7%

$13,400-88.2%

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