Retirement plan

HILL & SMITH GROUP HOLDINGS, INC. 401(K) PLAN

Name: HILL & SMITH GROUP HOLDINGS, INC. - HILL & SMITH GROUP HOLDINGS, INC. 401(K) PLAN (2023) Form 5500
Creator: HILL & SMITH GROUP HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HILL & SMITH GROUP HOLDINGS, INC. 401(K) PLAN, HILL & SMITH GROUP HOLDINGS, INC.

HILL & SMITH GROUP HOLDINGS, INC.EIN 47-4129834Plan #001PY 2023

987 BUCKEYE PARK ROAD - COLUMBUS, OH 43207614-449-8281LinkedIn501-1000 employeeselectrical/electronic manufacturing

Prospect flagsLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$63.4M

+32.0% from 2022

Total participants

1,634

+28.2% from 2022

Average account balance

$51,488

+2.8% from 2022

Annual return

29.82%

+43.77 pp from 2022

Benchmarks

See 809 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort809 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$72.35M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

1,639

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.

77.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$164

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
NATIONWIDE9+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$211,061
LATITUDE SERVICE COMPANY INC5 years Filed as: LATITUDE SERVICE COMPANY, INC. Service code 49	Other Services	$40,107
TROY BANK AND TRUST COMPANY1 year Filed as: TROY GAERKE Service code 49 654 BUCKEYE PARK ROAD · COLUMBUS, OH 432072596	Other Services	$17,235

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$228K

$164 / participant

Investment mgmt$211K92.5%
Other / not subdivided$17K7.5%

% of EOY assets

0.360%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,488

$104,544-50.8%

$96,534-46.7%

$80,157-35.8%

Participation rate

71.1%

86.4%-15.3pp

76.0%-4.9pp

72.9%-1.8pp

Annual return

29.82%

21.79%+8.0pp

25.88%+3.9pp

40.39%-10.6pp

Employer contribution / active EE

$1,196

$3,527-66.1%

$2,965-59.7%

$2,977-59.8%

Participant deferral / active EE

$3,051

$6,170-50.5%

$4,851-37.1%

$5,015-39.2%

Admin fee / account holder

$185

$107+73.4%

$8,253-97.8%

$145+27.8%

Provider

Service type

Compensation

NATIONWIDE9+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$211,061

LATITUDE SERVICE COMPANY INC5 years

Filed as: LATITUDE SERVICE COMPANY, INC.

Service code 49

Other Services

$40,107

TROY BANK AND TRUST COMPANY1 year

Filed as: TROY GAERKE

Service code 49

654 BUCKEYE PARK ROAD · COLUMBUS, OH 432072596

Other Services

$17,235

HILL & SMITH GROUP HOLDINGS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HILL & SMITH GROUP HOLDINGS, INC. 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