Retirement plan

HILLCREST CONTRACTING, INC. 401(K) PROFIT SHARING PLAN

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

HILLCREST CONTRACTING, INC.EIN 33-0084251Plan #002PY 2023

1467 CIRCLE CITY DRIVE - CORONA, CA 92879951-273-9600hillcrestcontracting.comLinkedIn11-50 employeesconstruction

Prospect flagsLow returnsHigh feesFailed to transmit contributions

Top hat statement on fileNQDC

Filed October 29, 1997

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$10.4M

+21.8% from 2022

Total participants

162

+3.2% from 2022

Average account balance

$65,241

+17.2% from 2022

Annual return

13.63%

+27.90 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.80M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

144

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.

98.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.92M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+13.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$521

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
PENSION ASSURANCE LLP4 years Service code 10 20335 VENTURA BLVD STE 305 · WOODLAND HILLS, CA 91364	Accounting	$17,000
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$15,315
ECONOMIC GROUP PENSION SERVICES2 years Filed as: ECONOMIC GROUP PENSION SERVICES INC Service code 13 917 WESTERN AMERICA CIRCLE · MOBILE, AL 36609	Contract Administrator	$13,755
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$13,112
NFP RETIREMENT INC2 years Service code 27 120 VANTIS STE 400 · ALISO VIEJO, CA 82656	Advisory (Plan)	$10,114
ACCELERATED INVESTMENT ADVISORS LLC1 year Service code 27 120 VANTIS DR STE 330 · ALISO VIEJO, CA 92656	Advisory (Plan)	$7,911

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D3H2R2T

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.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$75K

$613 / participant

Contract admin$75K100.0%

% of EOY assets

0.717%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PENSION ASSURANCE, LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,241

$76,696-14.9%

$96,538-32.4%

$71,529-8.8%

Participation rate

98.4%

66.6%+31.8pp

74.3%+24.0pp

67.9%+30.4pp

Annual return

13.63%

48.32%-34.7pp

35.74%-22.1pp

28.97%-15.3pp

Employer contribution / active EE

$9,198

$3,032+203.4%

$3,740+145.9%

$2,590+255.2%

Participant deferral / active EE

$4,376

$3,770+16.1%

$4,880-10.3%

$4,291+2.0%

Admin fee / account holder

$468

$2,030-77.0%

$6,737-93.1%

$1,588-70.6%

Provider

Service type

Compensation

PENSION ASSURANCE LLP4 years

Service code 10

20335 VENTURA BLVD STE 305 · WOODLAND HILLS, CA 91364

Accounting

$17,000

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$15,315

ECONOMIC GROUP PENSION SERVICES2 years

Filed as: ECONOMIC GROUP PENSION SERVICES INC

Service code 13

917 WESTERN AMERICA CIRCLE · MOBILE, AL 36609

Contract Administrator

$13,755

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$13,112

NFP RETIREMENT INC2 years

Service code 27

120 VANTIS STE 400 · ALISO VIEJO, CA 82656

Advisory (Plan)

$10,114

ACCELERATED INVESTMENT ADVISORS LLC1 year

Service code 27

120 VANTIS DR STE 330 · ALISO VIEJO, CA 92656

Advisory (Plan)

$7,911

HILLCREST CONTRACTING, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HILLCREST CONTRACTING, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

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