Retirement plan

PROFIT SHARING 401(K) PLAN FOR UNITE HERE EMPLOYEES OF HABASIT AMERICA, INC

Name: HABASIT AMERICA, INC - PROFIT SHARING 401(K) PLAN FOR UNITE HERE EMPLOYEES OF HABASIT AMERICA, INC (2016) Form 5500
Creator: HABASIT AMERICA, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROFIT SHARING 401(K) PLAN FOR UNITE HERE EMPLOYEES OF HABASIT AMERICA, INC, HABASIT AMERICA, INC

HABASIT AMERICA, INCEIN 23-3059540Plan #003PY 2016

805 SATELLITE BLVD - SUWANEE, GA 300242879678-288-3520habasitamerica.comLinkedIn501-1000 employeesindustrial automation

Other plans on this EIN

2 filings

#004Retirement-$46.0M assets #001Retirement-$1.5M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.5M

+3.2% from 2015

Total participants

-2.3% from 2015

Average account balance

$61,155

+5.7% from 2015

Annual return

5.38%

+5.29 pp from 2015

Benchmarks

See 15,087 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort15,087 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.20M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

107.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$238K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20650

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 codes2E2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$340K

$8496 / participant

Other / not subdivided$340K100.0%

% of EOY assets

13.554%

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

$61,155

$60,349+1.3%

$74,184-17.6%

$62,881-2.7%

Participation rate

97.5%

72.7%+24.8pp

76.6%+20.9pp

69.3%+28.2pp

Annual return

5.38%

21.38%-16.0pp

17.74%-12.4pp

20.14%-14.8pp

Employer contribution / active EE

$2,899

$1,680+72.5%

$2,370+22.3%

$2,281+27.1%

Participant deferral / active EE

$4,144

$2,856+45.1%

$3,550+16.7%

$3,203+29.4%

Admin fee / account holder

$8,289

$4,261+94.5%

$5,586+48.4%

$4,296+93.0%

PROFIT SHARING 401(K) PLAN FOR UNITE HERE EMPLOYEES OF HABASIT AMERICA, INC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROFIT SHARING 401(K) PLAN FOR UNITE HERE EMPLOYEES OF HABASIT AMERICA, INC

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