Retirement plan

HERRIN-GEAR AUTOPLEX 401(K) PLAN

Name: HG MS ADMIN, LLC - HERRIN-GEAR AUTOPLEX 401(K) PLAN (2020) 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 2020

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

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$5M

No prior year

Total participants

165

No prior year

Average account balance

$30,191

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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 SERVICES1+ years Filed as: MWG RETIREMENT PLAN SERVICES Service code 15 · EIN 72-1396518	Recordkeeping	$6,840
BALLEW ADVISORS1+ years Service code 51 · EIN 64-0797641	Investment Mgmt Fees	$0

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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$7K

$42 / participant

Contract admin$7K100.0%

% of EOY assets

0.138%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BKD
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,191

$54,573-44.7%

$90,970-66.8%

$73,497-58.9%

Participation rate

99.4%

61.2%+38.2pp

69.0%+30.4pp

70.7%+28.7pp

Annual return

0.00%

16.69%-16.7pp

134.60%-134.6pp

28.51%-28.5pp

Employer contribution / active EE

$370

$991-62.6%

$2,122-82.5%

$2,270-83.7%

Participant deferral / active EE

$551

$2,517-78.1%

$3,373-83.6%

$3,740-85.3%

Admin fee / account holder

$42

$521-92.0%

$5,961-99.3%

$513-91.9%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES1+ years

Filed as: MWG RETIREMENT PLAN SERVICES

Service code 15 · EIN 72-1396518

Recordkeeping

$6,840

BALLEW ADVISORS1+ years

Service code 51 · EIN 64-0797641

Investment Mgmt Fees

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