Retirement plan

HAAS SONS, INC. 401(K) PROFIT SHARING PLAN

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

HAAS SONS, INC.EIN 39-1621289Plan #001PY 2023

203 E. BIRCH STREET - THORP, WI 547719609715-669-5469haas4.comLinkedIn51-200 employeesconstruction

Prospect flagsFailed to provide benefit

How to read this page

Total assets (EOY)

$36.5M

+19.4% from 2022

Total participants

507

+8.3% from 2022

Average account balance

$73,231

+12.2% from 2022

Annual return

17.43%

+33.55 pp from 2022

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.49M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

497

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$287

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 4 by compensation

Provider	Service type	Compensation
BAIRD FUNDS6 years Filed as: ROBERT W BAIRD & CO Service code 27 777 E WISCONSIN AVE · MILWAUKEE, WI 53201	Advisory (Plan)	$71,828
NFP RETIREMENT INC5 years Filed as: NFP RETIREMENT Service code 10 · EIN 33-0905143	Accounting	$23,566
CLIFTONLARSONALLEN LLP1 year Service code 10 · EIN 41-0746749	Accounting	$14,700
AMERICAN FUNDS5 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERV Service code 50 6455 IRVINE CENTER DR · IRVINE, CA 92618	Direct Payment	$2,295

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D3H

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.
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

1 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$143K

$389 / participant

Recordkeeping$2K1.6%
Investment mgmt$72K50.2%
Contract admin$47K32.9%
Other / not subdivided$22K15.3%

% of EOY assets

0.392%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: $21,840
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,231

$93,010-21.3%

$96,515-24.1%

$74,460-1.7%

Participation rate

97.6%

71.6%+26.0pp

74.3%+23.2pp

70.7%+26.8pp

Annual return

17.43%

37.50%-20.1pp

35.73%-18.3pp

34.38%-16.9pp

Employer contribution / active EE

$8,022

$3,427+134.1%

$3,740+114.5%

$2,638+204.1%

Participant deferral / active EE

$2,685

$3,971-32.4%

$4,880-45.0%

$4,530-40.7%

Admin fee / account holder

$287

$633-54.6%

$6,735-95.7%

$348-17.4%

Provider

Service type

Compensation

BAIRD FUNDS6 years

Filed as: ROBERT W BAIRD & CO

Service code 27

777 E WISCONSIN AVE · MILWAUKEE, WI 53201

Advisory (Plan)

$71,828

NFP RETIREMENT INC5 years

Filed as: NFP RETIREMENT

Service code 10 · EIN 33-0905143

Accounting

$23,566

CLIFTONLARSONALLEN LLP1 year

Service code 10 · EIN 41-0746749

Accounting

$14,700

AMERICAN FUNDS5 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERV

Service code 50

6455 IRVINE CENTER DR · IRVINE, CA 92618

Direct Payment

$2,295

HAAS SONS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAAS SONS, INC. 401(K) PROFIT SHARING 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