Retirement plan

H.C. CONTRACTING, INC. UNION 401(K) PLAN

Name: H.C. CONTRACTING, INC. - H.C. CONTRACTING, INC. UNION 401(K) PLAN (2024) Form 5500
Creator: H.C. CONTRACTING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, H.C. CONTRACTING, INC. UNION 401(K) PLAN, H.C. CONTRACTING, INC.

H.C. CONTRACTING, INC.EIN 13-3811963Plan #003PY 2024

37-38 31ST STREET - LONG ISLAND CITY, NY 11101212-643-9292

Other plans on this EIN

1 filing

#002Retirement-$1.1M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.4M

+1.8% from 2023

Total participants

-18.7% from 2023

Average account balance

$22,644

+11.8% from 2023

Annual return

11.68%

-6.27 pp from 2023

Benchmarks

See 2,591 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,591 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.38M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

203.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$126K

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

+11.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4403

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 codes2E2F2G2J2T3D

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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$269K

$8953 / participant

Other / not subdivided$269K100.0%

% of EOY assets

19.446%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$22,644

$63,773-64.5%

$81,286-72.1%

$80,925-72.0%

Participation rate

100.0%

63.9%+36.1pp

69.5%+30.5pp

67.7%+32.3pp

Annual return

11.68%

16.37%-4.7pp

24.80%-13.1pp

35.65%-24.0pp

Employer contribution / active EE

$3,419

$1,979+72.7%

$2,463+38.8%

$2,756+24.1%

Participant deferral / active EE

$776

$3,093-74.9%

$3,883-80.0%

$4,299-82.0%

Admin fee / account holder

$4,403

$5,682-22.5%

$5,764-23.6%

$6,940-36.6%

H.C. CONTRACTING, INC. UNION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

H.C. CONTRACTING, INC. UNION 401(K) 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