Retirement plan

HARMS OIL COMPANY 401(K) PLAN

Name: HARMS OIL COMPANY - HARMS OIL COMPANY 401(K) PLAN (2016) 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 2016

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)

$20.5M

+9.5% from 2015

Total participants

336

+3.1% from 2015

Average account balance

$61,065

+5.9% from 2015

Annual return

7.62%

+7.49 pp from 2015

Benchmarks

See 1,219 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,219 peers

Snapshot2016

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 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393	Recordkeeping	$32,974
BRYAN CAVE LLP2+ years Filed as: BRYAN, PENDLETON, SWATS & MCALLISTE Service code 27 · EIN 62-0853448	Advisory (Plan)	$20,265
KNW GROUP2+ years Filed as: THE KNW GROUP Service code 27 · EIN 35-2179858	Advisory (Plan)	$9,194

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

$62K

$227 / participant

Other / not subdivided$62K100.0%

% of EOY assets

0.304%

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

$61,065

$107,378-43.1%

$108,582-43.8%

$57,658+5.9%

Participation rate

100.0%

77.1%+22.9pp

79.6%+20.4pp

70.2%+29.8pp

Annual return

7.62%

12.80%-5.2pp

-51.70%+59.3pp

5.13%+2.5pp

Employer contribution / active EE

$4,614

$1,782+159.0%

$3,758+22.8%

$1,974+133.8%

Participant deferral / active EE

$3,052

$3,221-5.2%

$4,311-29.2%

$3,061-0.3%

Admin fee / account holder

$186

$108+71.3%

$7,645-97.6%

$95+96.6%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$32,974

BRYAN CAVE LLP2+ years

Filed as: BRYAN, PENDLETON, SWATS & MCALLISTE

Service code 27 · EIN 62-0853448

Advisory (Plan)

$20,265

KNW GROUP2+ years

Filed as: THE KNW GROUP

Service code 27 · EIN 35-2179858

Advisory (Plan)

$9,194

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