Retirement plan

THE HOWARD HUGHES CORPORATION 401(K) PLAN

Name: HOWARD HUGHES MANAGEMENT CO., LLC - THE HOWARD HUGHES CORPORATION 401(K) PLAN (2018) Form 5500
Creator: HOWARD HUGHES MANAGEMENT CO., LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HOWARD HUGHES CORPORATION 401(K) PLAN, HOWARD HUGHES MANAGEMENT CO., LLC

HOWARD HUGHES MANAGEMENT CO., LLCEIN 27-3969031Plan #002PY 2018

13355 NOEL ROAD, 22ND FLOOR - DALLAS, TX 75240214-741-7744howardhughesmanagement.comLinkedIn1001-5000 employeesreal estate

Other plans on this EIN

1 filing

#001Retirement-$4.9M assets

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$76.8M

-3.3% from 2017

Total participants

1,636

+20.8% from 2017

Average account balance

$71,601

-8.7% from 2017

Annual return

-2.77%

-22.07 pp from 2017

Benchmarks

See 115 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants1,000-4,999

Cohort115 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$110.39M

Not enough data

1 years with asset history on file

Average account balance

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

$131K

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.

845

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.

77.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.86M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+6.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-39

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
INDEPENDENT FINANCIAL PARTNERS4+ years Service code 27 · EIN 59-3331424	Advisory (Plan)	$62,127
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 37 · EIN 04-2647786	Loan Processing	-$90,097

Plan features & details

Pension benefit codes2G2J2K2R2T3D2F

Plan features

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,601

$38,058+88.1%

$169,452-57.7%

$75,289-4.9%

Participation rate

58.8%

65.1%-6.3pp

77.8%-19.0pp

72.4%-13.6pp

Annual return

-2.77%

-2.88%+0.1pp

1.83%-4.6pp

-0.04%-2.7pp

Employer contribution / active EE

$2,819

$1,478+90.7%

$4,157-32.2%

$2,405+17.2%

Participant deferral / active EE

$4,753

$3,201+48.5%

$5,277-9.9%

$3,739+27.1%

Admin fee / account holder

-$26

$85-130.6%

$9,110-100.3%

$102-125.5%

Provider

Service type

Compensation

INDEPENDENT FINANCIAL PARTNERS4+ years

Service code 27 · EIN 59-3331424

Advisory (Plan)

$62,127

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$90,097

THE HOWARD HUGHES CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE HOWARD HUGHES CORPORATION 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