Retirement plan

HERITAGE FAMILY FUNERAL SERVICES 401(K) PLAN

Name: HERITAGE OPERATING LLC - HERITAGE FAMILY FUNERAL SERVICES 401(K) PLAN (2024) Form 5500
Creator: HERITAGE OPERATING LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HERITAGE FAMILY FUNERAL SERVICES 401(K) PLAN, HERITAGE OPERATING LLC

HERITAGE OPERATING LLCEIN 82-4968837Plan #101PY 2024

2217 HWY 394, STE A - BLOUNTVILLE, TN 37617423-547-7903LinkedIn1-10 employees

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.7M

-0.9% from 2023

Total participants

402

+6.9% from 2023

Average account balance

$39,709

-4.0% from 2023

Annual return

12.46%

-6.60 pp from 2023

Benchmarks

See 1,035 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,035 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.70M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

194

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.

42.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$788K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$108

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
COULTER & JUSTUS7+ years Filed as: COULTER & JUSTUS, PC Service code 99	Other Fees	$12,000
COULTER & JUSTUS4 years Filed as: COULTER AND JUSTUS PC Service code 99 · EIN 62-1532536	Other Fees	$12,000
VOYA RETIREMENT INSURANCE & ANNUITY1 year Service code 64 · EIN 71-0294708	Recordkeeping Fees	$0

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$21K

$58 / participant

Investment mgmt$15K70.7%
Contract admin$6K26.2%
Other / not subdivided$6503.1%

% of EOY assets

0.272%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COULTER & JUSTUS
Auditor EIN: 621532536
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,709

$65,960-39.8%

$81,882-51.5%

$77,762-48.9%

Participation rate

42.2%

65.8%-23.5pp

72.4%-30.2pp

70.6%-28.4pp

Annual return

12.46%

26.64%-14.2pp

779.47%-767.0pp

31.27%-18.8pp

Employer contribution / active EE

$662

$2,375-72.1%

$2,916-77.3%

$2,728-75.7%

Participant deferral / active EE

$1,528

$3,505-56.4%

$4,323-64.7%

$4,651-67.1%

Admin fee / account holder

$108

$526-79.5%

$7,360-98.5%

$433-75.0%

Provider

Service type

Compensation

COULTER & JUSTUS7+ years

Filed as: COULTER & JUSTUS, PC

Service code 99

Other Fees

$12,000

COULTER & JUSTUS4 years

Filed as: COULTER AND JUSTUS PC

Service code 99 · EIN 62-1532536

Other Fees

$12,000

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Service code 64 · EIN 71-0294708

Recordkeeping Fees

HERITAGE FAMILY FUNERAL SERVICES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HERITAGE FAMILY FUNERAL SERVICES 401(K) 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