Retirement plan

HABERSHAM METAL PRODUCTS COMPANY, INC. EMPLOYEE PROFIT SHARING AND BENEFIT PLAN

Name: HABERSHAM METAL PRODUCTS COMPANY, INC. - HABERSHAM METAL PRODUCTS COMPANY, INC. EMPLOYEE PROFIT SHARING AND BENEFIT PLAN (2016) Form 5500
Creator: HABERSHAM METAL PRODUCTS COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HABERSHAM METAL PRODUCTS COMPANY, INC. EMPLOYEE PROFIT SHARING AND BENEFIT PLAN, HABERSHAM METAL PRODUCTS COMPANY, INC.

HABERSHAM METAL PRODUCTS COMPANY, INC.EIN 58-0641844Plan #001PY 2016

264 STAPLETON ROAD - CORNELIA, GA 30531706-778-2212habershammetal.comLinkedIn51-200 employeesbuilding materials

Prospect flagsLow returnsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$2M

No prior year

Total participants

No prior year

Average account balance

$28,724

No prior year

Annual return

-3.78%

No prior year

Benchmarks

See 15,087 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort15,087 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.44M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

56.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$59K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+4.92%

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: GREAT-WEST LIFE & ANNUITY INS Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$9,210
WITHUMSMITH+BROWN, PC1+ years Filed as: BROWN & TENCH, LLC Service code 10 PO BOX 550 · CORNELIA, GA 30531	Accounting	$8,035
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY Service code 55	Other Commissions	$6,720
RETIREMENT STATEGIES INCORPORATED1+ years Filed as: RETIREMENT STATEGIES, INC. Service code 13 229 FURY'S FERRY RD STE 131 · AUGUSTA, GA 30907	Contract Administrator	$5,735
RETIREMENT STRATEGIES, INC.1+ years Filed as: RETIREMENT STRATEGIES, INC Service code 13	Contract Administrator	$1,351
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: ADVISED ASSET GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,332
HENSSLER ASSET MANAGEMENT LLC1+ years Filed as: HENSSLER ASSET MGMT LLC Service code 27 3735 CHEROKEE STREET · KENNESAW, GA 30144	Advisory (Plan)	$865
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY INSURANCE SVCS INC Service code 55 1 NEW YORK PLZ 12TH FL · NEW YORK, NY 10004	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$23K

$275 / participant

Other / not subdivided$23K100.0%

% of EOY assets

1.135%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MIXON & ASSOCIATES, CPAS, PC
Auditor EIN: 582271924
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,724

$60,349-52.4%

$74,184-61.3%

$62,881-54.3%

Participation rate

72.3%

72.7%-0.4pp

76.6%-4.3pp

69.3%+3.0pp

Annual return

-3.78%

21.38%-25.2pp

17.74%-21.5pp

20.14%-23.9pp

Employer contribution / active EE

$1,680-100.0%

$2,370-100.0%

$2,281-100.0%

Participant deferral / active EE

$797

$2,856-72.1%

$3,550-77.6%

$3,203-75.1%

Admin fee / account holder

$326

$4,261-92.4%

$5,586-94.2%

$4,296-92.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: GREAT-WEST LIFE & ANNUITY INS

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$9,210

WITHUMSMITH+BROWN, PC1+ years

Filed as: BROWN & TENCH, LLC

Service code 10

PO BOX 550 · CORNELIA, GA 30531

Accounting

$8,035

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY

Service code 55

Other Commissions

$6,720

RETIREMENT STATEGIES INCORPORATED1+ years

Filed as: RETIREMENT STATEGIES, INC.

Service code 13

229 FURY'S FERRY RD STE 131 · AUGUSTA, GA 30907

Contract Administrator

$5,735

RETIREMENT STRATEGIES, INC.1+ years

Filed as: RETIREMENT STRATEGIES, INC

Service code 13

Contract Administrator

$1,351

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: ADVISED ASSET GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,332

HENSSLER ASSET MANAGEMENT LLC1+ years

Filed as: HENSSLER ASSET MGMT LLC

Service code 27

3735 CHEROKEE STREET · KENNESAW, GA 30144

Advisory (Plan)

$865

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY INSURANCE SVCS INC

Service code 55

1 NEW YORK PLZ 12TH FL · NEW YORK, NY 10004

Other Commissions

HABERSHAM METAL PRODUCTS COMPANY, INC. EMPLOYEE PROFIT SHARING AND BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HABERSHAM METAL PRODUCTS COMPANY, INC. EMPLOYEE PROFIT SHARING AND BENEFIT 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