Retirement plan

HOLSTON GASES, INC. 401K PROFIT SHARING PLAN

Name: HOLSTON GASES, INC. - HOLSTON GASES, INC. 401K PROFIT SHARING PLAN (2024) Form 5500
Creator: HOLSTON GASES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOLSTON GASES, INC. 401K PROFIT SHARING PLAN, HOLSTON GASES, INC.

HOLSTON GASES, INC.EIN 62-0598088Plan #001PY 2024

545 W. BAXTER AVENUE - KNOXVILLE, TN 37921865-573-1917holstongases.comLinkedIn501-1000 employeesoil & energy

Prospect flagsHigh feesHigh cash

How to read this page

Total assets (EOY)

$31.1M

+32.4% from 2023

Total participants

516

+11.0% from 2023

Average account balance

$65,166

+28.8% from 2023

Annual return

23.58%

+2.57 pp from 2023

Benchmarks

See 128 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants250-999

Cohort128 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.15M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

478

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.

91.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+23.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$438

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 3 by compensation

Provider	Service type	Compensation
MOON CAPITAL MANAGEMENT, LLC10+ years Service code 28 · EIN 62-1605429	Investment Management	$183,372
SVRPC, INC.4 years Service code 15 · EIN 62-6319489	Recordkeeping	$18,825
COWEN & COMPANY LLC1 year Filed as: COWEN AND COMPANY, LLC Service code 71 599 LEXINGTON AVE. · NEW YORK, NY 10022	Brokerage Fees	$8,967

Plan features & details

Pension benefit codes2E2J2K2S3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$210K

$492 / participant

Investment mgmt$184K88.0%
Contract admin$25K12.0%

% of EOY assets

0.673%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HENDERSON HUTCHERSON & MCCULLOUGH
Auditor EIN: 621114363
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,166

$155,364-58.1%

$103,065-36.8%

$77,762-16.2%

Participation rate

91.1%

85.5%+5.6pp

80.6%+10.5pp

70.6%+20.5pp

Annual return

23.58%

19.01%+4.6pp

23.95%-0.4pp

31.27%-7.7pp

Employer contribution / active EE

$2,581

$5,949-56.6%

$4,675-44.8%

$2,728-5.4%

Participant deferral / active EE

$5,321

$8,482-37.3%

$6,625-19.7%

$4,651+14.4%

Admin fee / account holder

$438

$503-12.8%

$9,349-95.3%

$433+1.3%

Provider

Service type

Compensation

MOON CAPITAL MANAGEMENT, LLC10+ years

Service code 28 · EIN 62-1605429

Investment Management

$183,372

SVRPC, INC.4 years

Service code 15 · EIN 62-6319489

Recordkeeping

$18,825

COWEN & COMPANY LLC1 year

Filed as: COWEN AND COMPANY, LLC

Service code 71

599 LEXINGTON AVE. · NEW YORK, NY 10022

Brokerage Fees

$8,967

HOLSTON GASES, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOLSTON GASES, INC. 401K 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