Retirement plan

HERRIN-GEAR AUTOPLEX 401(K) PLAN

Name: HG MS ADMIN, LLC - HERRIN-GEAR AUTOPLEX 401(K) PLAN (2024) Form 5500
Creator: HG MS ADMIN, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HERRIN-GEAR AUTOPLEX 401(K) PLAN, HG MS ADMIN, LLC

HG MS ADMIN, LLCEIN 85-1217877Plan #001PY 2024

1685 HIGH STREET - JACKSON, MS 39202601-354-3882

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$6.3M

+3.7% from 2023

Total participants

246

+39.8% from 2023

Average account balance

$43,400

+10.2% from 2023

Annual return

9.49%

-4.57 pp from 2023

Benchmarks

See 2,318 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,318 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.29M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

145

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.

55.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$955K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+9.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$284

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 2 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES5+ years Filed as: MWG RETIREMENT PLAN SERVICES Service code 15 · EIN 72-1396518	Recordkeeping	$22,923
BALLEW ADVISORS5+ years Service code 51 · EIN 64-0797641	Investment Mgmt Fees	$18,261

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$41K

$181 / participant

Recordkeeping$23K55.7%
Investment mgmt$18K44.3%

% of EOY assets

0.654%

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: BMSS, LLC
Auditor EIN: 461498870
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,400

$59,402-26.9%

$93,654-53.7%

$74,546-41.8%

Participation rate

55.5%

59.7%-4.2pp

68.7%-13.2pp

67.2%-11.7pp

Annual return

9.49%

81.86%-72.4pp

133.34%-123.8pp

1366.03%-1356.5pp

Employer contribution / active EE

$1,419

$1,265+12.2%

$2,421-41.4%

$2,624-45.9%

Participant deferral / active EE

$2,789

$3,049-8.5%

$4,413-36.8%

$4,347-35.9%

Admin fee / account holder

$284

$3,023-90.6%

$8,282-96.6%

$1,944-85.4%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES5+ years

Filed as: MWG RETIREMENT PLAN SERVICES

Service code 15 · EIN 72-1396518

Recordkeeping

$22,923

BALLEW ADVISORS5+ years

Service code 51 · EIN 64-0797641

Investment Mgmt Fees

$18,261

HERRIN-GEAR AUTOPLEX 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HERRIN-GEAR AUTOPLEX 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