Retirement plan

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

Name: HAAS SONS, INC. - HAAS SONS, INC. 401(K) PROFIT SHARING PLAN (2024) 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 2024

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

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$39.5M

+8.3% from 2023

Total participants

523

+3.2% from 2023

Average account balance

$79,457

+8.5% from 2023

Annual return

12.88%

-4.55 pp from 2023

Benchmarks

See 1,563 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,563 peers

Snapshot2024

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 FUNDS1 year Filed as: ROBERT W BAIRD & CO INCORPORATED Service code 27 PO BOX 88499 · MILWAUKEE, WI 532888499	Advisory (Plan)	$69,711
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS. Service code 25 · EIN 82-4555287	Directed Trustee	$35,727
NFP RETIREMENT INC1 year Service code 13 120 VANTIS STE 400 · ALISO VIEJO, CA 926562689	Contract Administrator	$23,662
BLUM SHAPIRO1 year Filed as: CLIFTONLARSON ALLEN, LLP Service code 10 P.O. BOX 829709 · PHILADELPHIA, PA 19182	Accounting	$13,755

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$143K

$400 / participant

Recordkeeping$36K25.0%
Investment mgmt$93K65.4%
Other / not subdivided$14K9.6%

% of EOY assets

0.362%

all-in expense ratio

Categories reported

2 / 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: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,457

$82,980-4.2%

$103,378-23.1%

$77,692+2.3%

Participation rate

92.7%

71.5%+21.2pp

74.5%+18.2pp

70.6%+22.1pp

Annual return

12.88%

19.11%-6.2pp

24.91%-12.0pp

31.25%-18.4pp

Employer contribution / active EE

$3,554-100.0%

$3,870-100.0%

$2,726-100.0%

Participant deferral / active EE

$2,812

$4,109-31.6%

$5,058-44.4%

$4,648-39.5%

Admin fee / account holder

$287

$639-55.0%

$8,401-96.6%

$431-33.2%

Provider

Service type

Compensation

BAIRD FUNDS1 year

Filed as: ROBERT W BAIRD & CO INCORPORATED

Service code 27

PO BOX 88499 · MILWAUKEE, WI 532888499

Advisory (Plan)

$69,711

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS.

Service code 25 · EIN 82-4555287

Directed Trustee

$35,727

NFP RETIREMENT INC1 year

Service code 13

120 VANTIS STE 400 · ALISO VIEJO, CA 926562689

Contract Administrator

$23,662

BLUM SHAPIRO1 year

Filed as: CLIFTONLARSON ALLEN, LLP

Service code 10

P.O. BOX 829709 · PHILADELPHIA, PA 19182

Accounting

$13,755

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