Retirement plan

EMPLOYEE BENEFIT PLAN OF HOCHHEIM PRAIRIE FARM MUTUAL INSURANCE ASSOCIATION

Name: HOCHHEIM PRAIRIE FARM MUTUAL INSURA NCE ASSOCIATION - EMPLOYEE BENEFIT PLAN OF HOCHHEIM PRAIRIE FARM MUTUAL INSURANCE ASSOCIATION (2017) Form 5500
Creator: HOCHHEIM PRAIRIE FARM MUTUAL INSURA NCE ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF HOCHHEIM PRAIRIE FARM MUTUAL INSURANCE ASSOCIATION, HOCHHEIM PRAIRIE FARM MUTUAL INSURA NCE ASSOCIATION

HOCHHEIM PRAIRIE FARM MUTUAL INSURA NCE ASSOCIATIONEIN 74-0685915Plan #003PY 2017

500 US HIGHWAY 77A S - YOAKUM, TX 779951318361-293-5201hpfm.comLinkedIn51-200 employeesinsurance

Other plans on this EIN

1 filing

#001Retirement-$11.2M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$9.3M

+30.4% from 2016

Total participants

+1.0% from 2016

Average account balance

$96,321

+29.1% from 2016

Annual return

18.96%

+10.60 pp from 2016

Benchmarks

See 7,573 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,573 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.48M

Not enough data

1 years with asset history on file

Average account balance

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

$203K

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.

101

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.

126.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.14M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+11.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24440

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 codes2F2S2T

Plan features

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).
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

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

$122K

$1390 / participant

Other / not subdivided$122K100.0%

% of EOY assets

1.309%

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

$96,321

$100,041-3.7%

$149,718-35.7%

$70,131+37.3%

Participation rate

98.9%

83.6%+15.3pp

87.1%+11.8pp

69.5%+29.3pp

Annual return

18.96%

27.43%-8.5pp

1501.70%-1482.7pp

73.14%-54.2pp

Employer contribution / active EE

$5,238

$3,662+43.1%

$5,444-3.8%

$2,342+123.6%

Participant deferral / active EE

$5,468

$4,983+9.7%

$6,568-16.8%

$3,332+64.1%

Admin fee / account holder

$1,261

$8,286-84.8%

$11,283-88.8%

$4,645-72.9%

EMPLOYEE BENEFIT PLAN OF HOCHHEIM PRAIRIE FARM MUTUAL INSURANCE ASSOCIATION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF HOCHHEIM PRAIRIE FARM MUTUAL INSURANCE ASSOCIATION

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