Retirement plan

E. J. HARRISON & SONS, INC. & AFFILIATED EMPLOYERS PROFIT SHARING 401K PLAN

Name: E.J.HARRISON & SONS, INC. - E. J. HARRISON & SONS, INC. & AFFILIATED EMPLOYERS PROFIT SHARING 401K PLAN (2023) Form 5500
Creator: E.J.HARRISON & SONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, E. J. HARRISON & SONS, INC. & AFFILIATED EMPLOYERS PROFIT SHARING 401K PLAN, E.J.HARRISON & SONS, INC.

E.J.HARRISON & SONS, INC.EIN 95-2492197Plan #002PY 2023

P. O. BOX 4009 - VENTURA, CA 930074009805-647-1414

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$37.3M

+14.1% from 2022

Total participants

301

+14.9% from 2022

Average account balance

$131,007

+4.9% from 2022

Annual return

13.46%

+30.85 pp from 2022

Benchmarks

See 822 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort822 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$45.79M

Not enough data

1 years with asset history on file

Average account balance

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

$156K

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.

293

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.91M

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

+13.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$530

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY8+ years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 P O BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$46,980
SAGEVIEW ADVISORY GROUP, LLC2 years Service code 27 4000 MACARTHUR BLVD, SUITE 1050 · NEWPORT BEACH, CA 92660	Advisory (Plan)	$39,408
ACTARIAL BENEFITS CORP2 years Service code 13 2790 SKYPARK DRIVE, SUITE 300 · TORRANCE, CA 90505	Contract Administrator	$13,144

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$117K

$466 / participant

Other / not subdivided$117K100.0%

% of EOY assets

0.315%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Qualified opinion

The opinion is qualified. A specific issue limited the scope or accuracy of the audit.

Auditor firm: PYNE, WALTRIP, DECKER & MCCOY, LLP
Auditor EIN: 770227868
Audit fees: (not subdivided)
Opinion code: Qualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$131,007

$40,385+224.4%

$80,569+62.6%

$74,419+76.0%

Participation rate

93.7%

47.4%+46.2pp

67.0%+26.7pp

70.7%+22.9pp

Annual return

13.46%

164.85%-151.4pp

935.43%-922.0pp

34.38%-20.9pp

Employer contribution / active EE

$3,641

$1,496+143.3%

$2,723+33.7%

$2,637+38.0%

Participant deferral / active EE

$4,176

$2,674+56.2%

$4,447-6.1%

$4,528-7.8%

Admin fee / account holder

$412

$720-42.8%

$5,377-92.3%

$348+18.5%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY8+ years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

P O BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$46,980

SAGEVIEW ADVISORY GROUP, LLC2 years

Service code 27

4000 MACARTHUR BLVD, SUITE 1050 · NEWPORT BEACH, CA 92660

Advisory (Plan)

$39,408

ACTARIAL BENEFITS CORP2 years

Service code 13

2790 SKYPARK DRIVE, SUITE 300 · TORRANCE, CA 90505

Contract Administrator

$13,144

E. J. HARRISON & SONS, INC. & AFFILIATED EMPLOYERS PROFIT SHARING 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

E. J. HARRISON & SONS, INC. & AFFILIATED EMPLOYERS PROFIT SHARING 401K 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