Retirement plan

HUMAN RESOURCES, INC. RETIREMENT SAVINGS PLAN

Name: HUMAN RESOURCES, INC. - HUMAN RESOURCES, INC. RETIREMENT SAVINGS PLAN (2019) Form 5500
Creator: HUMAN RESOURCES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUMAN RESOURCES, INC. RETIREMENT SAVINGS PLAN, HUMAN RESOURCES, INC.

HUMAN RESOURCES, INC.EIN 52-1665523Plan #002PY 2019

2127 ESPEY COURT, STE. 306 - CROFTON, MD 21114443-321-7713federaltraining.comLinkedIn1-10 employees

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$51.1M

+24.3% from 2018

Total participants

1,265

+6.1% from 2018

Average account balance

$50,498

+13.2% from 2018

Annual return

22.87%

+35.45 pp from 2018

Benchmarks

See 2,853 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,853 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-96.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Top 4 by compensation

Provider	Service type	Compensation
SLAVIC INTEGRATED ADMINISTRATION5+ years Service code 15 · EIN 65-0608221	Recordkeeping	$201,742
HARBOR5+ years Filed as: HARBOR INVESTMENT ADVISORY, LLC Service code 26 2330 WEST JOPPA ROAD · LUTHERVILLE, MD 21093	Advisory (Participants)	$63,370
HUMAN RESOURCES INC5+ years Service code 14 · EIN 52-1665523	Plan Administrator	$60,589
SLAVIC INTEGRATED ADMINISTRATION5+ years Filed as: SLAVIC MUTUAL FUND MANAGEMENT CORP Service code 28 · EIN 59-2749576	Investment Management	$24,682

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$350K

$413 / participant

Investment mgmt$88K25.1%
Contract admin$262K74.9%

% of EOY assets

0.686%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WEINSTEIN ZUGMAN, LLC
Auditor EIN: 200453834
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,498

$88,122-42.7%

$141,197-64.2%

$67,582-25.3%

Participation rate

70.2%

76.5%-6.3pp

82.5%-12.3pp

71.3%-1.1pp

Annual return

22.87%

75.40%-52.5pp

71.41%-48.5pp

378.57%-355.7pp

Employer contribution / active EE

$3,282

$3,224+1.8%

$4,736-30.7%

$2,148+52.8%

Participant deferral / active EE

$3,656

$5,958-38.6%

$6,710-45.5%

$3,539+3.3%

Admin fee / account holder

$346

$131+164.5%

$10,265-96.6%

$142+143.3%

Provider

Service type

Compensation

SLAVIC INTEGRATED ADMINISTRATION5+ years

Service code 15 · EIN 65-0608221

Recordkeeping

$201,742

HARBOR5+ years

Filed as: HARBOR INVESTMENT ADVISORY, LLC

Service code 26

2330 WEST JOPPA ROAD · LUTHERVILLE, MD 21093

Advisory (Participants)

$63,370

HUMAN RESOURCES INC5+ years

Service code 14 · EIN 52-1665523

Plan Administrator

$60,589

SLAVIC INTEGRATED ADMINISTRATION5+ years

Filed as: SLAVIC MUTUAL FUND MANAGEMENT CORP

Service code 28 · EIN 59-2749576

Investment Management

$24,682

HUMAN RESOURCES, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUMAN RESOURCES, INC. RETIREMENT SAVINGS 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