Retirement plan

HOLLEY-NAVARRE WATER SYSTEM, INC. 401K PLAN

Name: HOLLEY-NAVARRE WATER SYSTEM, INC - HOLLEY-NAVARRE WATER SYSTEM, INC. 401K PLAN (2024) Form 5500
Creator: HOLLEY-NAVARRE WATER SYSTEM, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOLLEY-NAVARRE WATER SYSTEM, INC. 401K PLAN, HOLLEY-NAVARRE WATER SYSTEM, INC

HOLLEY-NAVARRE WATER SYSTEM, INCEIN 59-1360196Plan #002PY 2024

8574 TURKEY BLUFF RD - NAVARRE, FL 32566850-939-2427hnws-fl.comLinkedIn51-200 employeesutilities

Other plans on this EIN

1 filing

#001Retirement-$10.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.8M

+36.0% from 2023

Total participants

-1.3% from 2023

Average account balance

$23,248

+37.8% from 2023

Annual return

15.10%

-6.80 pp from 2023

Benchmarks

See 675 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants25-99

Cohort675 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.77M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

105.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$379K

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

+15.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1412

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 codes2E2G2J3D

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.
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

$107K

$1490 / participant

Other / not subdivided$107K100.0%

% of EOY assets

6.073%

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

$23,248

$89,515-74.0%

$103,065-77.4%

$80,959-71.3%

Participation rate

100.0%

76.0%+24.0pp

80.6%+19.4pp

67.7%+32.3pp

Annual return

15.10%

22.82%-7.7pp

23.95%-8.9pp

35.67%-20.6pp

Employer contribution / active EE

$2,265

$4,015-43.6%

$4,675-51.6%

$2,757-17.9%

Participant deferral / active EE

$3,001

$5,463-45.1%

$6,625-54.7%

$4,300-30.2%

Admin fee / account holder

$1,412

$6,527-78.4%

$9,349-84.9%

$6,925-79.6%

HOLLEY-NAVARRE WATER SYSTEM, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOLLEY-NAVARRE WATER SYSTEM, INC. 401K 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