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 (2017) 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 2017

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

Other plans on this EIN

2 filings

#004Retirement-$51.3M assets #001Retirement-$1.7M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.7M

+9.5% from 2016

Total participants

+2.4% from 2016

Average account balance

$65,388

+6.9% from 2016

Annual return

12.22%

+6.85 pp from 2016

Benchmarks

See 14,968 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,968 peers

Snapshot2017

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

$328K

$8407 / participant

Other / not subdivided$328K100.0%

% of EOY assets

11.938%

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

$65,388

$67,602-3.3%

$82,312-20.6%

$70,126-6.8%

Participation rate

97.4%

72.8%+24.7pp

76.9%+20.5pp

69.5%+27.9pp

Annual return

12.22%

21.57%-9.3pp

25.88%-13.7pp

73.15%-60.9pp

Employer contribution / active EE

$2,789

$1,755+58.9%

$2,428+14.8%

$2,343+19.1%

Participant deferral / active EE

$3,670

$2,987+22.9%

$3,706-1.0%

$3,332+10.1%

Admin fee / account holder

$7,806

$4,512+73.0%

$5,608+39.2%

$4,645+68.0%

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