Retirement plan

HELLAS CONSTRUCTION, INC 401(K) PLAN CONSTRUCTION, INC 401(K) PLAN

Name: HELLAS CONSTRUCTION , INC. - HELLAS CONSTRUCTION, INC 401(K) PLAN CONSTRUCTION, INC 401(K) PLAN (2023) Form 5500
Creator: HELLAS CONSTRUCTION , INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HELLAS CONSTRUCTION, INC 401(K) PLAN CONSTRUCTION, INC 401(K) PLAN, HELLAS CONSTRUCTION , INC.

HELLAS CONSTRUCTION , INC.EIN 27-0074538Plan #001PY 2023

12710 RESEARCH BLVD, SUITE 240 - AUSTIN, TX 78759512-250-2910

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$17.6M

+33.5% from 2022

Total participants

1,258

-14.3% from 2022

Average account balance

$33,031

+65.3% from 2022

Annual return

18.03%

+33.17 pp from 2022

Benchmarks

See 531 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.43M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

536

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.

25.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$200

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
APRIO LLP2 years Filed as: APRIO WEALTH MANAGEMENT LLC Service code 26 · EIN 58-2484343	Advisory (Participants)	$29,843
JOHN HANCOCK LIFE INSURANCE COMPANY9+ years Service code 15 · EIN 01-0233346	Recordkeeping	$5,552

Plan features & details

Pension benefit codes2E2I2K2F2G3D2A

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.
2I
Stock bonus
Stock bonus plan.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$93K

$89 / participant

Recordkeeping$55K59.0%
Investment mgmt$30K32.3%
Contract admin$8K8.7%

% of EOY assets

0.526%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SELLECK ACCOUNT & FINANCE PLLC
Auditor EIN: 851204532
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,031

$88,479-62.7%

$96,515-65.8%

$80,157-58.8%

Participation rate

30.4%

79.9%-49.6pp

74.3%-44.0pp

72.9%-42.6pp

Annual return

18.03%

22.53%-4.5pp

35.73%-17.7pp

40.39%-22.4pp

Employer contribution / active EE

$1,002

$4,177-76.0%

$3,740-73.2%

$2,977-66.3%

Participant deferral / active EE

$1,976

$3,961-50.1%

$4,880-59.5%

$5,015-60.6%

Admin fee / account holder

$174

$211-17.9%

$6,735-97.4%

$145+19.8%

Provider

Service type

Compensation

APRIO LLP2 years

Filed as: APRIO WEALTH MANAGEMENT LLC

Service code 26 · EIN 58-2484343

Advisory (Participants)

$29,843

JOHN HANCOCK LIFE INSURANCE COMPANY9+ years

Service code 15 · EIN 01-0233346

Recordkeeping

$5,552

HELLAS CONSTRUCTION, INC 401(K) PLAN CONSTRUCTION, INC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HELLAS CONSTRUCTION, INC 401(K) PLAN CONSTRUCTION, INC 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