Retirement plan

HAUNI RICHMOND INC SAVINGS INCENTIVE PLAN

Name: HAUNI RICHMOND INC - HAUNI RICHMOND INC SAVINGS INCENTIVE PLAN (2021) Form 5500
Creator: HAUNI RICHMOND INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAUNI RICHMOND INC SAVINGS INCENTIVE PLAN, HAUNI RICHMOND INC

HAUNI RICHMOND INCEIN 54-1733108Plan #002PY 2021

2800 CHARLES CITY RD - RICHMOND, VA 232314532804-236-5224

Other plans on this EIN

1 filing

#001Retirement-$38.3M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$24.2M

+14.8% from 2020

Total participants

169

+2.4% from 2020

Average account balance

$143,291

+12.1% from 2020

Annual return

13.87%

+5.89 pp from 2020

Benchmarks

See 2,250 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,250 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.99M

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

159

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.

84.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$460

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
CAPFINANCIAL PARTNERS LLC2 years Service code 27 · EIN 26-0058143	Advisory (Plan)	$42,164
PRUDENTIAL RETIREMENT INSURANCE AND2 years Filed as: PRUDENTIAL INSURANCE COMPANY OF AME Service code 15	Recordkeeping	$0
PRUDENTIAL RETIREMENT INSURANCE AND7+ years Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2G2J2E3D2T

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.
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

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

$58K

$440 / participant

Other / not subdivided$58K100.0%

% of EOY assets

0.238%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BROWN, EDWARDS & COMPANY, LLP
Auditor EIN: 540504608
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$143,291

$93,182+53.8%

$146,685-2.3%

$79,393+80.5%

Participation rate

100.0%

76.4%+23.6pp

80.1%+19.9pp

70.7%+29.3pp

Annual return

13.87%

21.61%-7.7pp

22.75%-8.9pp

116.87%-103.0pp

Employer contribution / active EE

$3,872

$2,420+60.0%

$4,137-6.4%

$2,428+59.5%

Participant deferral / active EE

$6,390

$4,169+53.3%

$5,507+16.0%

$4,046+57.9%

Admin fee / account holder

$341

$585-41.6%

$10,281-96.7%

$627-45.5%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC2 years

Service code 27 · EIN 26-0058143

Advisory (Plan)

$42,164

PRUDENTIAL RETIREMENT INSURANCE AND2 years

Filed as: PRUDENTIAL INSURANCE COMPANY OF AME

Service code 15

Recordkeeping

PRUDENTIAL RETIREMENT INSURANCE AND7+ years

Service code 15

Recordkeeping

HAUNI RICHMOND INC SAVINGS INCENTIVE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAUNI RICHMOND INC SAVINGS INCENTIVE 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