Retirement plan

HORNBEAK FUNERAL CHAPEL, INC. 401(K) PROFIT SHARING TRUST

Name: HORNBEAK FUNERAL CHAPEL, INC. - HORNBEAK FUNERAL CHAPEL, INC. 401(K) PROFIT SHARING TRUST (2020) Form 5500
Creator: HORNBEAK FUNERAL CHAPEL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HORNBEAK FUNERAL CHAPEL, INC. 401(K) PROFIT SHARING TRUST, HORNBEAK FUNERAL CHAPEL, INC.

HORNBEAK FUNERAL CHAPEL, INC.EIN 61-0737095Plan #002PY 2020

302 CARR STREET - FULTON, KY 42041270-472-1412hornbeakfuneralchapel.comLinkedIn1-10 employeesconsumer services

Prospect flagsHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$3.6M

+18.3% from 2019

Total participants

0.0% from 2019

Average account balance

$518,376

+18.3% from 2019

Annual return

13.22%

-7.52 pp from 2019

Benchmarks

See 36,257 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,257 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$4.50M

Not enough data

1 years with asset history on file

Average account balance

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

$322K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$85K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+17.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3636

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

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 codes2E2F2G2J2T3D

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.
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

2 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual 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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$518,376

$100,852+414.0%

$90,404+473.4%

$158,922+226.2%

Participation rate

70.0%

75.0%-5.0pp

72.7%-2.7pp

82.0%-12.0pp

Annual return

13.22%

1724.20%-1711.0pp

1293.02%-1279.8pp

302.83%-289.6pp

Employer contribution / active EE

$1,180

$3,689-68.0%

$3,262-63.8%

$4,761-75.2%

Participant deferral / active EE

$4,000

$4,348-8.0%

$3,963+0.9%

$5,982-33.1%

Admin fee / account holder

-$12,517

$6,501-292.5%

$5,611-323.1%

$11,246-211.3%

HORNBEAK FUNERAL CHAPEL, INC. 401(K) PROFIT SHARING TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HORNBEAK FUNERAL CHAPEL, INC. 401(K) PROFIT SHARING TRUST

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