Retirement plan

HARBOR COMPLIANCE 401(K) PLAN

Name: HARBOR BUSINESS COMPLIANCE CORPORATION D/B/A HARBOR COMPLIANCE - HARBOR COMPLIANCE 401(K) PLAN (2024) Form 5500
Creator: HARBOR BUSINESS COMPLIANCE CORPORATION D/B/A HARBOR COMPLIANCE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HARBOR COMPLIANCE 401(K) PLAN, HARBOR BUSINESS COMPLIANCE CORPORATION D/B/A HARBOR COMPLIANCE

HARBOR BUSINESS COMPLIANCE CORPORATION D/B/A HARBOR COMPLIANCEEIN 45-5533823Plan #001PY 2024

1830 COLONIAL VILLAGE LANE - LANCASTER, PA 17601888-995-5895

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$3.1M

+43.1% from 2023

Total participants

202

-6.9% from 2023

Average account balance

$26,453

+34.6% from 2023

Annual return

26.41%

+3.27 pp from 2023

Benchmarks

See 1,422 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,422 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.09M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

117

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.

66.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$729K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+26.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3362

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 codes2E2F2G2H2J2T3D

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

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

$393K

$2235 / participant

Other / not subdivided$393K100.0%

% of EOY assets

12.709%

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

$26,453

$45,043-41.3%

$85,063-68.9%

$74,400-64.4%

Participation rate

51.7%

49.4%+2.3pp

67.5%-15.8pp

67.2%-15.5pp

Annual return

26.41%

26.26%+0.2pp

66.54%-40.1pp

1367.51%-1341.1pp

Employer contribution / active EE

$1,400

$1,458-3.9%

$2,727-48.7%

$2,624-46.6%

Participant deferral / active EE

$2,743

$2,733+0.3%

$4,523-39.4%

$4,348-36.9%

Admin fee / account holder

$3,362

$2,210+52.1%

$6,155-45.4%

$1,944+73.0%

HARBOR COMPLIANCE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARBOR COMPLIANCE 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