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 (2018) 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 2018

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

Other plans on this EIN

2 filings

#004Retirement-$45.6M assets #001Retirement-$1.5M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.7M

-3.1% from 2017

Total participants

0.0% from 2017

Average account balance

$63,386

-3.1% from 2017

Annual return

-5.57%

-17.80 pp from 2017

Benchmarks

See 14,948 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,948 peers

Snapshot2018

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 codes2E2G2J2T3D

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.
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

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

$210K

$5388 / participant

Other / not subdivided$210K100.0%

% of EOY assets

7.893%

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

$63,386

$62,583+1.3%

$76,767-17.4%

$64,173-1.2%

Participation rate

97.4%

72.8%+24.6pp

77.0%+20.5pp

69.6%+27.9pp

Annual return

-5.57%

-1.95%-3.6pp

2.43%-8.0pp

7.63%-13.2pp

Employer contribution / active EE

$2,874

$1,832+56.9%

$2,485+15.7%

$2,381+20.7%

Participant deferral / active EE

$3,920

$3,145+24.6%

$3,852+1.8%

$3,470+13.0%

Admin fee / account holder

$5,003

$4,667+7.2%

$6,675-25.1%

$4,887+2.4%

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