Retirement plan

HOYA SHARED SAVINGS PLAN

Name: HOYA HOLDINGS, INC. - HOYA SHARED SAVINGS PLAN (2024) Form 5500
Creator: HOYA HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOYA SHARED SAVINGS PLAN, HOYA HOLDINGS, INC.

HOYA HOLDINGS, INC.EIN 94-2205027Plan #001PY 2024

820 NORTH MCCARTHY BLVD, SUITE 220 - MILPITAS, CA 95035408-654-2200

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$173.4M

+11.5% from 2023

Total participants

2,546

-1.4% from 2023

Average account balance

$93,287

+16.9% from 2023

Annual return

16.68%

-2.50 pp from 2023

Benchmarks

See 154 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants1,000-4,999

Cohort154 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$173.42M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

1,859

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.

63.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+16.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$252

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 5 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$361,175
MERCER2 years Service code 55	Other Commissions	$52,708
MERCER10+ years Filed as: MERCER CONSULTING Service code 27 777 S. FIGUEROA STREET · LOS ANGELES, CA 90017	Advisory (Plan)	$52,708
SINGERLEWAK LLP7 years Service code 10 · EIN 95-2302617	Accounting	$40,460
PENSIONMARK FINANCIAL GROUP LLC1 year Filed as: PENSIONMARK FINANCIAL GROUP, LLC Service code 26 · EIN 61-1758632	Advisory (Participants)	$15,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T3F3H

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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.
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

$469K

$248 / participant

Investment mgmt$107K22.8%
Contract admin$322K68.6%
Other / not subdivided$40K8.6%

% of EOY assets

0.271%

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: SENSIBA LLP
Auditor EIN: 942370906
Audit fees: $40,460
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,287

$148,970-37.4%

$136,072-31.4%

$199,960-53.3%

Participation rate

63.6%

79.4%-15.7pp

76.4%-12.8pp

72.0%-8.4pp

Annual return

16.68%

27.07%-10.4pp

580.46%-563.8pp

34.28%-17.6pp

Employer contribution / active EE

$1,964

$3,561-44.9%

$4,216-53.4%

$3,036-35.3%

Participant deferral / active EE

$4,416

$6,140-28.1%

$7,028-37.2%

$5,087-13.2%

Admin fee / account holder

$252

$144+75.5%

$6,718-96.2%

$269-6.2%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$361,175

MERCER2 years

Service code 55

Other Commissions

$52,708

MERCER10+ years

Filed as: MERCER CONSULTING

Service code 27

777 S. FIGUEROA STREET · LOS ANGELES, CA 90017

Advisory (Plan)

$52,708

SINGERLEWAK LLP7 years

Service code 10 · EIN 95-2302617

Accounting

$40,460

PENSIONMARK FINANCIAL GROUP LLC1 year

Filed as: PENSIONMARK FINANCIAL GROUP, LLC

Service code 26 · EIN 61-1758632

Advisory (Participants)

$15,000

HOYA SHARED SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOYA SHARED 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