Retirement plan

HARMON CONCRETE & CONSTRUCTION, INC. PREVAILING WAGE PENSION PLAN

Name: HARMON CONCRETE & CONSTRUCTION, INC - HARMON CONCRETE & CONSTRUCTION, INC. PREVAILING WAGE PENSION PLAN (2018) Form 5500
Creator: HARMON CONCRETE & CONSTRUCTION, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HARMON CONCRETE & CONSTRUCTION, INC. PREVAILING WAGE PENSION PLAN, HARMON CONCRETE & CONSTRUCTION, INC

HARMON CONCRETE & CONSTRUCTION, INCEIN 39-1954375Plan #001PY 2018

1115 BAUER AVENUE - EAU CLAIRE, WI 54703715-832-5606LinkedIn11-50 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.5M

-6.4% from 2017

Total participants

+37.0% from 2017

Average account balance

$42,082

-29.8% from 2017

Annual return

-7.06%

-26.30 pp from 2017

Benchmarks

See 15,016 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort15,016 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.80M

Not enough data

1 years with asset history on file

Average account balance

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

$109K

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.

166.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$471K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+11.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7506

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$303K

$12114 / participant

Other / not subdivided$303K100.0%

% of EOY assets

19.991%

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

$42,082

$57,352-26.6%

$83,831-49.8%

$64,173-34.4%

Participation rate

96.0%

68.6%+27.4pp

76.1%+19.9pp

69.6%+26.4pp

Annual return

-7.06%

11.38%-18.4pp

850.99%-858.0pp

7.63%-14.7pp

Employer contribution / active EE

$8,584

$2,546+237.2%

$3,631+136.4%

$2,381+260.6%

Participant deferral / active EE

$3,170

$2,993+5.9%

$4,082-22.3%

$3,470-8.6%

Admin fee / account holder

$8,413

$4,046+107.9%

$5,479+53.6%

$4,887+72.1%

HARMON CONCRETE & CONSTRUCTION, INC. PREVAILING WAGE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARMON CONCRETE & CONSTRUCTION, INC. PREVAILING WAGE PENSION 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