Retirement plan

HURST BOILER & WELDING CO., INC. 401(K) PLAN

Name: HURST BOILER & WELDING CO., INC. - HURST BOILER & WELDING CO., INC. 401(K) PLAN (2019) Form 5500
Creator: HURST BOILER & WELDING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HURST BOILER & WELDING CO., INC. 401(K) PLAN, HURST BOILER & WELDING CO., INC.

HURST BOILER & WELDING CO., INC.EIN 58-1385470Plan #003PY 2019

100 BOILERMAKER LANE - COOLIDGE, GA 31738229-346-3545hurstboiler.comLinkedIn201-500 employeesmechanical or industrial engineering

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$14.8M

+19.0% from 2018

Total participants

267

+3.9% from 2018

Average account balance

$70,275

+15.1% from 2018

Annual return

15.60%

+19.37 pp from 2018

Benchmarks

See 4,276 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,276 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.30M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

226

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.

80.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+9.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$375

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 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS3 years Service code 15 · EIN 13-3689044	Recordkeeping	$53,920
RETIREMENT SOLUTIONS SPECIALISTS3 years Service code 15 · EIN 27-0293282	Recordkeeping	$8,255
ASSURANCE DIMENSIONS1 year Service code 10 · EIN 26-3429295	Accounting	$7,000
MESIROW FINANCIAL INVESTMENT MANAGE3 years Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849	Advisory (Plan)	$2,101
BLYTHECO INC.1 year Filed as: BYTHECO INC Service code 17 · EIN 33-0784232	Pension Consulting	$1,281

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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$24K

$98 / participant

Contract admin$16K65.7%
Other / not subdivided$8K34.3%

% of EOY assets

0.163%

all-in expense ratio

Categories reported

1 / 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: ASSURANCE DIMENSIONS
Auditor EIN: 263429295
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,275

$65,378+7.5%

$87,103-19.3%

$65,186+7.8%

Participation rate

77.2%

75.3%+1.9pp

76.9%+0.4pp

70.2%+7.0pp

Annual return

15.60%

31.28%-15.7pp

28.19%-12.6pp

29.39%-13.8pp

Employer contribution / active EE

$2,186

$1,823+19.9%

$2,521-13.3%

$2,177+0.4%

Participant deferral / active EE

$2,795

$3,389-17.5%

$4,049-31.0%

$3,514-20.5%

Admin fee / account holder

$115

$520-78.0%

$7,491-98.5%

$847-86.5%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3 years

Service code 15 · EIN 13-3689044

Recordkeeping

$53,920

RETIREMENT SOLUTIONS SPECIALISTS3 years

Service code 15 · EIN 27-0293282

Recordkeeping

$8,255

ASSURANCE DIMENSIONS1 year

Service code 10 · EIN 26-3429295

Accounting

$7,000

MESIROW FINANCIAL INVESTMENT MANAGE3 years

Filed as: MESIROW FINANCIAL, INC.

Service code 27 · EIN 36-3194849

Advisory (Plan)

$2,101

BLYTHECO INC.1 year

Filed as: BYTHECO INC

Service code 17 · EIN 33-0784232

Pension Consulting

$1,281

HURST BOILER & WELDING CO., INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HURST BOILER & WELDING CO., INC. 401(K) 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