Retirement plan

HGC 401K SAVINGS PLAN

Name: HGC CONSTRUCTION CO. - HGC 401K SAVINGS PLAN (2019) Form 5500
Creator: HGC CONSTRUCTION CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HGC 401K SAVINGS PLAN, HGC CONSTRUCTION CO.

HGC CONSTRUCTION CO.EIN 31-1119613Plan #002PY 2019

2814 STANTON AVENUE - CINCINNATI, OH 452061123513-861-8866hgcconstruction.comLinkedIn201-500 employeesconstruction

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$14.1M

+30.4% from 2018

Total participants

379

-6.7% from 2018

Average account balance

$39,458

+45.7% from 2018

Annual return

23.97%

+29.82 pp from 2018

Benchmarks

See 1,257 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,257 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.94M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

380

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.

97.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+16.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$291

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
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSMUTUAL Service code 15 · EIN 04-1590850 P.O. BOX 1583 · HARTFORD, CT 061441583	Recordkeeping	$100,628
ACTUARIAL & EMPLOYEE BENE2 years Filed as: ACTUARIAL & EMPLOYEE BENEFIT SER Service code 10 · EIN 31-0572951 2035 READING ROAD · CINCINNATI, OH 45202	Accounting	$5,888

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D3H

Plan features

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$31K

$97 / participant

Contract admin$31K100.0%

% of EOY assets

0.222%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

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: BLUE & CO., LLC
Auditor EIN: 351178661
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,458

$66,650-40.8%

$92,915-57.5%

$67,582-41.6%

Participation rate

93.5%

72.5%+21.0pp

76.0%+17.5pp

71.3%+22.2pp

Annual return

23.97%

92.64%-68.7pp

109.45%-85.5pp

378.57%-354.6pp

Employer contribution / active EE

$829

$2,777-70.1%

$3,653-77.3%

$2,148-61.4%

Participant deferral / active EE

$4,181

$3,160+32.3%

$4,238-1.4%

$3,539+18.1%

Admin fee / account holder

$88

$199-56.0%

$5,796-98.5%

$142-38.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSMUTUAL

Service code 15 · EIN 04-1590850

P.O. BOX 1583 · HARTFORD, CT 061441583

Recordkeeping

$100,628

ACTUARIAL & EMPLOYEE BENE2 years

Filed as: ACTUARIAL & EMPLOYEE BENEFIT SER

Service code 10 · EIN 31-0572951

2035 READING ROAD · CINCINNATI, OH 45202

Accounting

$5,888

HGC 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HGC 401K SAVINGS 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