Retirement plan

HORST EQUIPMENT REPAIR, INC. 401(K) RETIREMENT PLAN

Name: HORST EQUIPMENT REPAIR, INC., - HORST EQUIPMENT REPAIR, INC. 401(K) RETIREMENT PLAN (2021) Form 5500
Creator: HORST EQUIPMENT REPAIR, INC.,
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HORST EQUIPMENT REPAIR, INC. 401(K) RETIREMENT PLAN, HORST EQUIPMENT REPAIR, INC.,

HORST EQUIPMENT REPAIR, INC.,dba THIBADOEIN 63-1072600Plan #002PY 2021

353 MARINA DRIVE - LINCOLN, AL 35096205-763-7005

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.4M

+15.8% from 2020

Total participants

-15.4% from 2020

Average account balance

$159,459

+54.4% from 2020

Annual return

12.27%

+12.27 pp from 2020

Benchmarks

See 21,791 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,791 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.24M

Not enough data

1 years with asset history on file

Average account balance

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

$155K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$47K

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

+11.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$943

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 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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$44K

$5469 / participant

Other / not subdivided$44K100.0%

% of EOY assets

3.049%

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

$159,459

$124,336+28.2%

$111,303+43.3%

$167,518-4.8%

Participation rate

75.0%

79.6%-4.6pp

77.3%-2.3pp

82.1%-7.1pp

Annual return

12.27%

37.45%-25.2pp

54.66%-42.4pp

478.71%-466.4pp

Employer contribution / active EE

$1,952

$3,436-43.2%

$2,731-28.5%

$4,838-59.7%

Participant deferral / active EE

$7,898

$5,181+52.4%

$4,487+76.0%

$6,342+24.5%

Admin fee / account holder

$4,862

$10,623-54.2%

$7,966-39.0%

$12,312-60.5%

HORST EQUIPMENT REPAIR, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HORST EQUIPMENT REPAIR, INC. 401(K) RETIREMENT 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