Retirement plan

HARMS OIL COMPANY 401(K) PLAN

Name: HARMS OIL COMPANY - HARMS OIL COMPANY 401(K) PLAN (2015) Form 5500
Creator: HARMS OIL COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HARMS OIL COMPANY 401(K) PLAN, HARMS OIL COMPANY

HARMS OIL COMPANYEIN 46-0342132Plan #003PY 2015

337 22ND AVE S, PO BOX 940 - BROOKINGS, SD 57006605-696-5000harmsoil.comLinkedIn201-500 employeestransportation/trucking/railroad

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$18.7M

No prior year

Total participants

326

No prior year

Average account balance

$57,666

No prior year

Annual return

0.12%

No prior year

Benchmarks

See 1,096 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,096 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.55M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

456

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$363

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393	Recordkeeping	$42,533
KNW GROUP1+ years Filed as: THE KNW GROUP Service code 27 · EIN 35-2179858	Advisory (Plan)	$21,467
NFP RETIREMENT INC1+ years Filed as: NFP ADVISOR SERVICES, LLC. Service code 27 · EIN 47-1566880	Advisory (Plan)	$8,563
BRYAN CAVE LLP1+ years Filed as: BRYAN, PENDLETON, SWATS & MCALLISTE Service code 27 · EIN 62-0853448	Advisory (Plan)	$6,975
KINNER & COMPANY, LTD1+ years Filed as: KINNER & COMPANY LTD Service code 10 · EIN 46-0400356	Accounting	$6,286

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$86K

$328 / participant

Other / not subdivided$86K100.0%

% of EOY assets

0.458%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KINNER & COMPANY, LTD
Auditor EIN: 460400356
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,666

$57,096+1.0%

$94,229-38.8%

$55,191+4.5%

Participation rate

99.6%

75.7%+24.0pp

78.8%+20.8pp

69.2%+30.5pp

Annual return

0.12%

159.65%-159.5pp

10.68%-10.6pp

10.78%-10.7pp

Employer contribution / active EE

$4,701

$1,708+175.2%

$3,587+31.1%

$1,899+147.6%

Participant deferral / active EE

$2,850

$3,165-10.0%

$4,320-34.0%

$3,046-6.5%

Admin fee / account holder

$264

$89+195.9%

$6,269-95.8%

$91+190.9%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$42,533

KNW GROUP1+ years

Filed as: THE KNW GROUP

Service code 27 · EIN 35-2179858

Advisory (Plan)

$21,467

NFP RETIREMENT INC1+ years

Filed as: NFP ADVISOR SERVICES, LLC.

Service code 27 · EIN 47-1566880

Advisory (Plan)

$8,563

BRYAN CAVE LLP1+ years

Filed as: BRYAN, PENDLETON, SWATS & MCALLISTE

Service code 27 · EIN 62-0853448

Advisory (Plan)

$6,975

KINNER & COMPANY, LTD1+ years

Filed as: KINNER & COMPANY LTD

Service code 10 · EIN 46-0400356

Accounting

$6,286

HARMS OIL COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARMS OIL COMPANY 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