Retirement plan

HOFFMAN & KELLEY 401(K) PLAN

Name: HOFFMAN & KELLEY PLUMBING & HEATING LLC - HOFFMAN & KELLEY 401(K) PLAN (2024) Form 5500
Creator: HOFFMAN & KELLEY PLUMBING & HEATING LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOFFMAN & KELLEY 401(K) PLAN, HOFFMAN & KELLEY PLUMBING & HEATING LLC

HOFFMAN & KELLEY PLUMBING & HEATING LLCEIN 47-4172385Plan #001PY 2024

43 HIGH STREET, SUITE 120 EAST MILL, P.O. BOX 578 - NORTH ANDOVER, MA 01845978-475-3424

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$167K

+89.7% from 2023

Total participants

0.0% from 2023

Average account balance

$23,851

+89.7% from 2023

Annual return

18.32%

-20.72 pp from 2023

Benchmarks

See 54,761 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,761 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$167K

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

87.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$63K

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

+18.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$140

$18 / participant

Other / not subdivided$140100.0%

% of EOY assets

0.084%

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

$23,851

$110,410-78.4%

$102,437-76.7%

$145,897-83.7%

Participation rate

75.0%

77.9%-2.9pp

74.5%+0.5pp

80.3%-5.3pp

Annual return

18.32%

24.85%-6.5pp

24.95%-6.6pp

552.29%-534.0pp

Employer contribution / active EE

$2,694

$4,217-36.1%

$3,871-30.4%

$4,663-42.2%

Participant deferral / active EE

$5,161

$5,622-8.2%

$5,060+2.0%

$6,689-22.9%

Admin fee / account holder

$20

$9,745-99.8%

$8,388-99.8%

$13,390-99.9%

HOFFMAN & KELLEY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOFFMAN & KELLEY 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