Retirement plan

HEAVY MACHINES, INC. 401(K)/PROFIT SHARING PLAN

Name: HEAVY MACHINES, INC. - HEAVY MACHINES, INC. 401(K)/PROFIT SHARING PLAN (2017) Form 5500
Creator: HEAVY MACHINES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEAVY MACHINES, INC. 401(K)/PROFIT SHARING PLAN, HEAVY MACHINES, INC.

HEAVY MACHINES, INC.EIN 62-0850651Plan #001PY 2017

3926 E. RAINES ROAD - MEMPHIS, TN 381186936901-260-2200heavymachinesinc.comLinkedIn51-200 employeesmachinery

Other plans on this EIN

1 filing

#002Retirement-$280K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$9.7M

+7.4% from 2016

Total participants

198

-7.0% from 2016

Average account balance

$51,046

+14.1% from 2016

Annual return

14.40%

+16.18 pp from 2016

Benchmarks

See 2,371 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,371 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.73M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

326

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.

96.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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)

$80

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
STRATEGIC ADVISORS, INC.2+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$3,663
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Filed as: FIDELITY INVESTMENTS INST. OPS CO. Service code 37 · EIN 04-2647786 P.O. BOX 770002 · CINCINNATI, OH 452770027	Loan Processing	$3,276
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Filed as: FIDELITY INVESTMENTS INST. OPS. CO. Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2J2K2E2F2G3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$7K

$46 / participant

Investment mgmt$4K52.8%
Other / not subdivided$3K47.2%

% of EOY assets

0.071%

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: WATKINS AND UIBERALL, PLLC
Auditor EIN: 621804252
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,046

$71,192-28.3%

$117,861-56.7%

$62,293-18.1%

Participation rate

95.4%

74.2%+21.1pp

79.7%+15.7pp

69.5%+25.8pp

Annual return

14.40%

18.66%-4.3pp

335.11%-320.7pp

28.90%-14.5pp

Employer contribution / active EE

$1,820

$1,934-5.9%

$3,786-51.9%

$2,042-10.9%

Participant deferral / active EE

$3,598

$3,189+12.8%

$4,482-19.7%

$3,169+13.5%

Admin fee / account holder

$36

$587-93.8%

$8,021-99.5%

$479-92.4%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.2+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$3,663

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Filed as: FIDELITY INVESTMENTS INST. OPS CO.

Service code 37 · EIN 04-2647786

P.O. BOX 770002 · CINCINNATI, OH 452770027

Loan Processing

$3,276

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Filed as: FIDELITY INVESTMENTS INST. OPS. CO.

Service code 60

Sub-TA Fees

HEAVY MACHINES, INC. 401(K)/PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEAVY MACHINES, INC. 401(K)/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