Retirement plan

RETIREMENT PLAN FOR HOUFF TRANSFER, INC.

Name: HOUFF TRANSFER, INC. - RETIREMENT PLAN FOR HOUFF TRANSFER, INC. (2024) Form 5500
Creator: HOUFF TRANSFER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RETIREMENT PLAN FOR HOUFF TRANSFER, INC., HOUFF TRANSFER, INC.

HOUFF TRANSFER, INC.EIN 54-0486013Plan #001PY 2024

P.O. BOX 220 - WEYERS CAVE, VA 244860220540-234-9233houff.comLinkedIn11-50 employeestransportation/trucking/railroad

Prospect flagsHigh feesHigh cash

How to read this page

Total assets (EOY)

$18.9M

-10.1% from 2023

Total participants

135

-4.9% from 2023

Average account balance

$145,605

-5.3% from 2023

Annual return

9.33%

-9.35 pp from 2023

Benchmarks

See 1,364 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Cohort1,364 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.93M

Not enough data

1 years with asset history on file

Average account balance

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

$146K

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.

130

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.

94.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$786K

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

+9.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1052

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 4 by compensation

Provider	Service type	Compensation
MORRIS, MANNING & MARTIN, LLP3 years Filed as: MORRIS & WELLS WEALTH MANAGEMENT Service code 27 · EIN 45-4627181	Advisory (Plan)	$41,411
JANNEY MONTGOMERY SCOTT LLC3 years Service code 27 · EIN 23-0731260	Advisory (Plan)	$34,731
ELMORE, HUPP & COMPANY, PLC4 years Service code 10 · EIN 54-1440048	Accounting	$13,175
ACTUARIAL BENEFITS & DESIGN COMPANY4 years Service code 15 · EIN 54-1521351	Recordkeeping	$11,871

Plan features & details

Pension benefit codes2E2F2H2J2K2S2T3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$137K

$1381 / participant

Recordkeeping$35K25.5%
Investment mgmt$76K55.7%
Contract admin$12K8.7%
Other / not subdivided$14K10.1%

% of EOY assets

0.722%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ELMORE HUPP & COMPANY PLC
Auditor EIN: 541440048
Audit fees: $13,175
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$145,605

$151,490-3.9%

$76,030+91.5%

Participation rate

94.9%

67.5%+27.5pp

69.1%+25.9pp

Annual return

9.33%

14.17%-4.8pp

361.54%-352.2pp

Employer contribution / active EE

$3,457

$2,542+36.0%

$2,688+28.6%

Participant deferral / active EE

$4,485

$4,237+5.9%

$4,257+5.4%

Admin fee / account holder

$1,052

$25,345-95.9%

$6,421-83.6%

Provider

Service type

Compensation

MORRIS, MANNING & MARTIN, LLP3 years

Filed as: MORRIS & WELLS WEALTH MANAGEMENT

Service code 27 · EIN 45-4627181

Advisory (Plan)

$41,411

JANNEY MONTGOMERY SCOTT LLC3 years

Service code 27 · EIN 23-0731260

Advisory (Plan)

$34,731

ELMORE, HUPP & COMPANY, PLC4 years

Service code 10 · EIN 54-1440048

Accounting

$13,175

ACTUARIAL BENEFITS & DESIGN COMPANY4 years

Service code 15 · EIN 54-1521351

Recordkeeping

$11,871

RETIREMENT PLAN FOR HOUFF TRANSFER, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RETIREMENT PLAN FOR HOUFF TRANSFER, INC.

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