Retirement plan

HENGY BROTHERS LAWN CARE, LLC 401(K) PROFIT SHARING PLAN

Name: HENGY BROTHERS LAWN CARE, LLC - HENGY BROTHERS LAWN CARE, LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: HENGY BROTHERS LAWN CARE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HENGY BROTHERS LAWN CARE, LLC 401(K) PROFIT SHARING PLAN, HENGY BROTHERS LAWN CARE, LLC

HENGY BROTHERS LAWN CARE, LLCEIN 55-0858358Plan #001PY 2022

100 ANTELOPE DRIVE - MULLICA HILL, NJ 08062856-207-2373

Prospect flagsLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$447K

-9.0% from 2021

Total participants

-14.3% from 2021

Average account balance

$447,036

-9.0% from 2021

Annual return

-16.97%

-27.83 pp from 2021

Benchmarks

See 17,023 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort17,023 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$791K

Not enough data

1 years with asset history on file

Average account balance

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

$791K

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.

12.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$37K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+17.93%

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

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 codes2E2F2J2R2T3B3D

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).
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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$447,036

$93,117+380.1%

$77,096+479.8%

$134,532+232.3%

Participation rate

16.7%

74.5%-57.8pp

67.9%-51.3pp

81.2%-64.6pp

Annual return

-16.97%

62.67%-79.6pp

42.35%-59.3pp

418.27%-435.2pp

Employer contribution / active EE

$2,033

$3,420-40.6%

$2,814-27.8%

$4,741-57.1%

Participant deferral / active EE

$4,500

$5,241-14.1%

$4,429+1.6%

$6,401-29.7%

Admin fee / account holder

$6,948-100.0%

$5,428-100.0%

$11,429-100.0%

HENGY BROTHERS LAWN CARE, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

HENGY BROTHERS LAWN CARE, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion