Retirement plan

HORSEWARE PRODUCTS, LTD 401(K) PLAN

Name: HORSEWARE PRODUCTS, LTD - HORSEWARE PRODUCTS, LTD 401(K) PLAN (2024) Form 5500
Creator: HORSEWARE PRODUCTS, LTD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HORSEWARE PRODUCTS, LTD 401(K) PLAN, HORSEWARE PRODUCTS, LTD

HORSEWARE PRODUCTS, LTDEIN 52-2037020Plan #001PY 2024

1350 CUNNINGHAM ROAD - KINSTON, NC 28501252-208-0080

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$480K

-5.1% from 2023

Total participants

-36.8% from 2023

Average account balance

$20,018

+50.2% from 2023

Annual return

13.96%

-4.54 pp from 2023

Benchmarks

See 4,452 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort4,452 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$480K

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$61K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6656

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$160K

$6656 / participant

Other / not subdivided$160K100.0%

% of EOY assets

33.250%

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

$20,018

$100,147-80.0%

$81,286-75.4%

$145,877-86.3%

Participation rate

100.0%

74.2%+25.8pp

69.5%+30.5pp

80.3%+19.7pp

Annual return

13.96%

34.44%-20.5pp

24.80%-10.8pp

551.28%-537.3pp

Employer contribution / active EE

$1,035

$2,977-65.3%

$2,463-58.0%

$4,663-77.8%

Participant deferral / active EE

$1,492

$4,607-67.6%

$3,883-61.6%

$6,691-77.7%

Admin fee / account holder

$6,656

$8,201-18.8%

$5,764+15.5%

$13,402-50.3%

HORSEWARE PRODUCTS, LTD 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HORSEWARE PRODUCTS, LTD 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