Retirement plan

HOFF COMPANIES, INC. 401(K) RETIREMENT SAVINGS PLAN

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

HOFF COMPANIES, INC.EIN 82-0308314Plan #002PY 2021

1840 N LAKES PL - MERIDIAN, ID 83646208-884-2002hoffc.comLinkedIn51-200 employeesbuilding materials

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$7.2M

+16.9% from 2020

Total participants

181

-0.5% from 2020

Average account balance

$52,636

+20.3% from 2020

Annual return

10.96%

-0.62 pp from 2020

Benchmarks

See 1,879 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,879 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.53M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

62.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$171K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$144

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
EDWARD JONES6 years Service code 55 · EIN 01-0000000 1840 N. LAKES · MERIDIAN, ID 83646	Other Commissions	$22,139
AMERIBEN6 years Filed as: AMERIBEN/IEC GROUP Service code 13 · EIN 82-0497661 P.O. BOX 7186 · BOISE, ID 837071186	Contract Administrator	$9,080
AMERICAN FUNDS6 years Filed as: CAPITAL RESEARCH AND MANAGEMENT Service code 64 · EIN 95-1411037 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$761

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$9K

$61 / participant

Contract admin$9K100.0%

% of EOY assets

0.128%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEAVITT, CHRISTENSEN, PLLC
Auditor EIN: 820398216
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,636

$79,438-33.7%

$106,555-50.6%

$79,391-33.7%

Participation rate

70.0%

74.2%-4.2pp

76.1%-6.1pp

70.7%-0.7pp

Annual return

10.96%

18.27%-7.3pp

26.80%-15.8pp

116.88%-105.9pp

Employer contribution / active EE

$863

$2,235-61.4%

$2,819-69.4%

$2,428-64.4%

Participant deferral / active EE

$2,323

$3,824-39.2%

$4,399-47.2%

$4,046-42.6%

Admin fee / account holder

$67

$523-87.1%

$7,408-99.1%

$627-89.2%

Provider

Service type

Compensation

EDWARD JONES6 years

Service code 55 · EIN 01-0000000

1840 N. LAKES · MERIDIAN, ID 83646

Other Commissions

$22,139

AMERIBEN6 years

Filed as: AMERIBEN/IEC GROUP

Service code 13 · EIN 82-0497661

P.O. BOX 7186 · BOISE, ID 837071186

Contract Administrator

$9,080

AMERICAN FUNDS6 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT

Service code 64 · EIN 95-1411037

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$761

HOFF COMPANIES, INC. 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOFF COMPANIES, INC. 401(K) RETIREMENT SAVINGS 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