Retirement plan

HAGOPIAN & SONS, INC 401(K) PLAN

Name: HAGOPIAN & SONS, INC - HAGOPIAN & SONS, INC 401(K) PLAN (2015) Form 5500
Creator: HAGOPIAN & SONS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAGOPIAN & SONS, INC 401(K) PLAN, HAGOPIAN & SONS, INC

HAGOPIAN & SONS, INCEIN 38-1573646Plan #002PY 2015

43223 W. 12 MILE ROAD - NOVI, MI 48377248-399-2323LinkedIn51-200 employeestextiles

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$3M

No prior year

Total participants

155

No prior year

Average account balance

$27,723

No prior year

Annual return

-1.56%

No prior year

Benchmarks

See 834 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort834 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.22M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

128

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.

95.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$425K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$323

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 3 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASS MUTUAL LIFE INSURANCE CO Service code 50 · EIN 04-1590850	Direct Payment	$4,723
NATIONAL PLANNING CORPORATION1+ years Filed as: NATIONAL PLANNING CORP Service code 53 · EIN 38-3023534	Insurance Commissions	$0
THE BENEFIT ADVANTAGE, INC.1+ years Filed as: THE BENEFIT ADVANTAGE Service code 13 · EIN 04-1590850 3497 AUBURN RD · AUBURN HILLS, MI 48326	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2H2J2A3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

Admin total

$5K

$33 / participant

Contract admin$5K100.0%

% of EOY assets

0.158%

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: CLAYTON & MCKERVEY, P.C.
Auditor EIN: 382383796
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,723

$43,550-36.3%

$63,244-56.2%

$52,331-47.0%

Participation rate

67.4%

65.7%+1.7pp

71.0%-3.7pp

68.1%-0.7pp

Annual return

-1.56%

2.03%-3.6pp

-70.31%+68.7pp

4.54%-6.1pp

Employer contribution / active EE

$1,351-100.0%

$2,322-100.0%

$1,882-100.0%

Participant deferral / active EE

$1,403

$2,254-37.8%

$2,953-52.5%

$3,022-53.6%

Admin fee / account holder

$44

$387-88.7%

$5,893-99.3%

$592-92.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASS MUTUAL LIFE INSURANCE CO

Service code 50 · EIN 04-1590850

Direct Payment

$4,723

NATIONAL PLANNING CORPORATION1+ years

Filed as: NATIONAL PLANNING CORP

Service code 53 · EIN 38-3023534

Insurance Commissions

THE BENEFIT ADVANTAGE, INC.1+ years

Filed as: THE BENEFIT ADVANTAGE

Service code 13 · EIN 04-1590850

3497 AUBURN RD · AUBURN HILLS, MI 48326

Contract Administrator

HAGOPIAN & SONS, INC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAGOPIAN & SONS, 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