Retirement plan

HOWARD ENERGY TAX DEFERRED SAVINGS PLAN

Name: HOWARD ENERGY CO., INC. - HOWARD ENERGY TAX DEFERRED SAVINGS PLAN (2024) Form 5500
Creator: HOWARD ENERGY CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOWARD ENERGY TAX DEFERRED SAVINGS PLAN, HOWARD ENERGY CO., INC.

HOWARD ENERGY CO., INC.EIN 91-1218779Plan #020PY 2024

12220 WORLD TRADE DR - SAN DIEGO CA, CA 921283737760-730-7342thehowardagency.comLinkedIn11-50 employeesinsurance

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10.4M

-26.2% from 2023

Total participants

144

+17.1% from 2023

Average account balance

$76,651

-38.7% from 2023

Annual return

11.43%

-4.63 pp from 2023

Benchmarks

See 844 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants25-99

Cohort844 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.42M

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.

136

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.

86.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$876K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+11.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$234

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
CORNERSTONE WEALTH GROUP1 year Filed as: CORNERSTONE WEALTH ADVISORS, INC. Service code 27 · EIN 27-4371298	Advisory (Plan)	$30,234
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290	Contract Administrator	$1,646

Plan features & details

Pension benefit codes2E2F2G2J2S2T3H

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$32K

$540 / participant

Investment mgmt$30K94.8%
Contract admin$2K5.2%

% of EOY assets

0.306%

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: YSR CPA GROUP P.C.
Auditor EIN: 821853384
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,651

$92,985-17.6%

$153,432-50.0%

$80,874-5.2%

Participation rate

86.4%

69.0%+17.5pp

77.1%+9.4pp

67.6%+18.8pp

Annual return

11.43%

19.95%-8.5pp

15.66%-4.2pp

35.62%-24.2pp

Employer contribution / active EE

$2,692

$3,507-23.2%

$5,038-46.6%

$2,756-2.3%

Participant deferral / active EE

$12,147

$5,178+134.6%

$6,757+79.8%

$4,297+182.7%

Admin fee / account holder

$234

$8,880-97.4%

$12,725-98.2%

$6,935-96.6%

Provider

Service type

Compensation

CORNERSTONE WEALTH GROUP1 year

Filed as: CORNERSTONE WEALTH ADVISORS, INC.

Service code 27 · EIN 27-4371298

Advisory (Plan)

$30,234

PRINCIPAL LIFE INSURANCE COMPANY10+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$1,646

HOWARD ENERGY TAX DEFERRED SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOWARD ENERGY TAX DEFERRED 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