Retirement plan

EMPLOYEE BENEFIT PLAN OF HOCHHEIM PRAIRIE FARM MUTUAL INSURANCE ASSOCIATION

Name: HOCHHEIM PRAIRIE FARM MUTUAL INSURANCE ASSOCIATION - EMPLOYEE BENEFIT PLAN OF HOCHHEIM PRAIRIE FARM MUTUAL INSURANCE ASSOCIATION (2019) Form 5500
Creator: HOCHHEIM PRAIRIE FARM MUTUAL INSURANCE 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 INSURANCE ASSOCIATION

HOCHHEIM PRAIRIE FARM MUTUAL INSURANCE ASSOCIATIONEIN 74-0685915Plan #003PY 2019

500 US HIGHWAY 77A S, 150 - YOAKUM, TX 779951318361-293-5201hpfm.comLinkedIn51-200 employeesinsurance

Other plans on this EIN

1 filing

#001Retirement-$11.4M assets

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$12.9M

+42.0% from 2018

Total participants

103

+3.0% from 2018

Average account balance

$125,316

+29.6% from 2018

Annual return

30.48%

+36.02 pp from 2018

Benchmarks

See 7,338 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,338 peers

Snapshot2019

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

Top 1 by compensation

Provider	Service type	Compensation
MUTUAL OF AMERICA INVESTMENT CORP1 year Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Recordkeeping and information managem...	$1,251

Plan features & details

Pension benefit codes2F2G2S2T

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).
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$131K

$1425 / participant

Other / not subdivided$131K100.0%

% of EOY assets

1.016%

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

$125,316

$109,359+14.6%

$162,177-22.7%

$72,975+71.7%

Participation rate

100.0%

84.3%+15.7pp

87.6%+12.4pp

69.5%+30.5pp

Annual return

30.48%

25.46%+5.0pp

115.60%-85.1pp

81.01%-50.5pp

Employer contribution / active EE

$6,053

$3,907+54.9%

$5,613+7.8%

$2,440+148.1%

Participant deferral / active EE

$6,675

$5,481+21.8%

$7,297-8.5%

$3,608+85.0%

Admin fee / account holder

$1,273

$7,972-84.0%

$10,843-88.3%

$5,124-75.2%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP1 year

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Recordkeeping and information managem...

$1,251

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