Retirement plan

HOGAN MFG., INC. RETIREMENT PLAN

Name: HOGAN MFG., INC. - HOGAN MFG., INC. RETIREMENT PLAN (2022) Form 5500
Creator: HOGAN MFG., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOGAN MFG., INC. RETIREMENT PLAN, HOGAN MFG., INC.

HOGAN MFG., INC.EIN 94-2314454Plan #002PY 2022

1638 MAIN STREET - ESCALON, CA 95320209-838-7323hoganmfg.comLinkedIn51-200 employeesmachinery

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$16.5M

-17.2% from 2021

Total participants

224

+2.3% from 2021

Average account balance

$83,386

-20.1% from 2021

Annual return

-14.27%

-27.65 pp from 2021

Benchmarks

See 4,067 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,067 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.66M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

212

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.

87.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.38M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+9.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$515

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
STANCORP FINANCIAL GROUP5 years Service code 12 · EIN 93-1253576	Direct payment from the plan; Custodi...	$80,771
SIERRA OCEAN, LLC2 years Service code 27 · EIN 87-0912546	Advisory (Plan)	$25,098
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB TRUST BANK Service code 19	Securities Custodian	$5,270

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$105K

$564 / participant

Contract admin$105K100.0%

% of EOY assets

0.635%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS, LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,386

$65,453+27.4%

$86,691-3.8%

$66,930+24.6%

Participation rate

86.0%

75.5%+10.6pp

76.6%+9.4pp

69.8%+16.2pp

Annual return

-14.27%

-10.89%-3.4pp

35.94%-50.2pp

1.57%-15.8pp

Employer contribution / active EE

$3,382

$2,154+57.0%

$2,837+19.2%

$2,545+32.9%

Participant deferral / active EE

$2,571

$4,102-37.3%

$4,656-44.8%

$4,238-39.3%

Admin fee / account holder

$530

$642-17.5%

$7,492-92.9%

$593-10.8%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP5 years

Service code 12 · EIN 93-1253576

Direct payment from the plan; Custodi...

$80,771

SIERRA OCEAN, LLC2 years

Service code 27 · EIN 87-0912546

Advisory (Plan)

$25,098

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19

Securities Custodian

$5,270

HOGAN MFG., INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOGAN MFG., INC. RETIREMENT 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