Retirement plan

HEAVY EQUIPMENT PARTS, INC. 401-K PROFIT SHARING PLAN

Name: HEAVY EQUIPMENT PARTS, INC. - HEAVY EQUIPMENT PARTS, INC. 401-K PROFIT SHARING PLAN (2020) Form 5500
Creator: HEAVY EQUIPMENT PARTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEAVY EQUIPMENT PARTS, INC. 401-K PROFIT SHARING PLAN, HEAVY EQUIPMENT PARTS, INC.

HEAVY EQUIPMENT PARTS, INC.EIN 94-2763791Plan #001PY 2020

2416 RADLEY COURT #4 - HAYWARD, CA 94545510-293-6100heavyeq.comLinkedIn1-10 employees

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$567K

+16.7% from 2019

Total participants

+18.2% from 2019

Average account balance

$47,254

+7.0% from 2019

Annual return

12.43%

-1.51 pp from 2019

Benchmarks

See 22,196 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,196 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$555K

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$21K

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

+10.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$858

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J

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.

Opportunity flags

0 tripped

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

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,254

$162,812-71.0%

$133,971-64.7%

$158,966-70.3%

Participation rate

83.3%

83.2%+0.1pp

79.8%+3.5pp

82.0%+1.4pp

Annual return

12.43%

41.94%-29.5pp

45.09%-32.7pp

302.95%-290.5pp

Employer contribution / active EE

$1,010

$4,976-79.7%

$3,919-74.2%

$4,762-78.8%

Participant deferral / active EE

$2,441

$5,910-58.7%

$5,047-51.6%

$5,983-59.2%

Admin fee / account holder

$11,741-100.0%

$8,929-100.0%

$11,250-100.0%

HEAVY EQUIPMENT PARTS, INC. 401-K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

HEAVY EQUIPMENT PARTS, INC. 401-K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion