Retirement plan

HORN MACHINE TOOLS, INC. 401K PLAN

Name: HORN MACHINE TOOLS, INC. - HORN MACHINE TOOLS, INC. 401K PLAN (2022) Form 5500
Creator: HORN MACHINE TOOLS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HORN MACHINE TOOLS, INC. 401K PLAN, HORN MACHINE TOOLS, INC.

HORN MACHINE TOOLS, INC.EIN 77-0433838Plan #001PY 2022

40455 BRICKYARD DRIVE - MADERA, CA 93636559-431-4131hornmachinetools.comLinkedIn11-50 employeesmachinery

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$2.1M

-5.7% from 2021

Total participants

-6.9% from 2021

Average account balance

$93,373

+2.8% from 2021

Annual return

-13.75%

-39.63 pp from 2021

Benchmarks

See 14,496 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,496 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.92M

Not enough data

1 years with asset history on file

Average account balance

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

$133K

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.

61.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$274K

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

+15.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10836

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 codes2E2J2F2G3D

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.
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

$2K

$89 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.108%

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

$93,373

$71,872+29.9%

$86,691+7.7%

$68,495+36.3%

Participation rate

80.0%

72.2%+7.8pp

76.6%+3.4pp

67.9%+12.1pp

Annual return

-13.75%

3.53%-17.3pp

35.94%-49.7pp

-7.84%-5.9pp

Employer contribution / active EE

$2,113

$2,173-2.8%

$2,837-25.5%

$2,596-18.6%

Participant deferral / active EE

$4,879

$3,779+29.1%

$4,656+4.8%

$4,028+21.1%

Admin fee / account holder

$101

$6,112-98.3%

$7,492-98.7%

$5,403-98.1%

HORN MACHINE TOOLS, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HORN MACHINE TOOLS, INC. 401K 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