Retirement plan

MITCH HARRIS BUILDING COMPANY, INC. 401(K) PLAN AND TRUST

Name: MITCH HARRIS BUILDING COMPANY, INC. - MITCH HARRIS BUILDING COMPANY, INC. 401(K) PLAN AND TRUST (2018) Form 5500
Creator: MITCH HARRIS BUILDING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MITCH HARRIS BUILDING COMPANY, INC. 401(K) PLAN AND TRUST, MITCH HARRIS BUILDING COMPANY, INC.

MITCH HARRIS BUILDING COMPANY, INC.EIN 38-2706760Plan #001PY 2018

211 N FIRST ST STE 100 - BRIGHTON, MI 48116810-229-7838mitchharris.netLinkedIn1-10 employeesexecutive office

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$953K

+6.4% from 2017

Total participants

+6.7% from 2017

Average account balance

$73,288

-1.8% from 2017

Annual return

-6.26%

-27.38 pp from 2017

Benchmarks

See 38,943 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort38,943 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.63M

Not enough data

1 years with asset history on file

Average account balance

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

$280K

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.

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.

76.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$238K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+18.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1163

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$50

$4 / participant

Other / not subdivided$50100.0%

% of EOY assets

0.005%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,288

$97,761-25.0%

$83,850-12.6%

$135,382-45.9%

Participation rate

76.9%

80.0%-3.0pp

76.1%+0.8pp

82.6%-5.7pp

Annual return

-6.26%

1287.44%-1293.7pp

850.92%-857.2pp

519.77%-526.0pp

Employer contribution / active EE

$2,009

$4,222-52.4%

$3,631-44.7%

$4,779-58.0%

Participant deferral / active EE

$6,682

$4,682+42.7%

$4,082+63.7%

$5,609+19.1%

Admin fee / account holder

$6,674-99.9%

$5,478-99.9%

$10,829-100.0%

MITCH HARRIS BUILDING COMPANY, INC. 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MITCH HARRIS BUILDING COMPANY, INC. 401(K) PLAN AND TRUST

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