Retirement plan

DEINES, HUFFMAN, CLARK, YOUNGER & ASSOCIATES, LLP 401(K) PROFIT SHARING PLAN

Name: DEINES, HUFFMAN, CLARK, YOUNGER & ASSOCIATES, LLP - DEINES, HUFFMAN, CLARK, YOUNGER & ASSOCIATES, LLP 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: DEINES, HUFFMAN, CLARK, YOUNGER & ASSOCIATES, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DEINES, HUFFMAN, CLARK, YOUNGER & ASSOCIATES, LLP 401(K) PROFIT SHARING PLAN, DEINES, HUFFMAN, CLARK, YOUNGER & ASSOCIATES, LLP

DEINES, HUFFMAN, CLARK, YOUNGER & ASSOCIATES, LLPEIN 56-1763334Plan #001PY 2023

2160 HENDERSONVILLE ROAD - ARDEN, NC 28704828-684-9260

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.2M

+30.1% from 2022

Total participants

+8.1% from 2022

Average account balance

$82,264

+13.4% from 2022

Annual return

24.03%

+38.38 pp from 2022

Benchmarks

See 108,045 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort108,045 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.25M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

271.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$185K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+11.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$27870

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 codes2E2F2G2J2R2T3B3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$52K

$3065 / participant

Other / not subdivided$52K100.0%

% of EOY assets

1.624%

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

$82,264

$175,257-53.1%

$149,717-45.1%

$139,456-41.0%

Participation rate

94.1%

83.4%+10.7pp

78.8%+15.3pp

80.3%+13.8pp

Annual return

24.03%

166.70%-142.7pp

134.41%-110.4pp

373.45%-349.4pp

Employer contribution / active EE

$8,205

$5,477+49.8%

$4,820+70.2%

$4,753+72.6%

Participant deferral / active EE

$2,388

$6,521-63.4%

$5,682-58.0%

$6,711-64.4%

Admin fee / account holder

$1,336

$16,156-91.7%

$13,213-89.9%

$11,407-88.3%

DEINES, HUFFMAN, CLARK, YOUNGER & ASSOCIATES, LLP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DEINES, HUFFMAN, CLARK, YOUNGER & ASSOCIATES, LLP 401(K) PROFIT SHARING 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