Retirement plan

HASSLEN CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN -AGCMN

Name: HASSLEN CONSTRUCTION COMPANY, INC. - HASSLEN CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN -AGCMN (2020) Form 5500
Creator: HASSLEN CONSTRUCTION COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HASSLEN CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN -AGCMN, HASSLEN CONSTRUCTION COMPANY, INC.

HASSLEN CONSTRUCTION COMPANY, INC.EIN 41-0686823Plan #002PY 2020

45 FIRST STREET SE - ORTONVILLE, MN 56278320-839-2529hasslenconstruction.comLinkedIn11-50 employeesconstruction

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$4.5M

+21.1% from 2019

Total participants

+4.4% from 2019

Average account balance

$97,995

+18.5% from 2019

Annual return

14.25%

-4.94 pp from 2019

Benchmarks

See 16,252 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,252 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.73M

Not enough data

1 years with asset history on file

Average account balance

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

$168K

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.

130.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$241K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1841

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 codes2E2F2G2J2T3D

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$57K

$1683 / participant

Other / not subdivided$57K100.0%

% of EOY assets

1.270%

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

$97,995

$72,272+35.6%

$101,264-3.2%

$79,858+22.7%

Participation rate

97.1%

68.5%+28.6pp

75.8%+21.3pp

69.6%+27.4pp

Annual return

14.25%

22.30%-8.0pp

46.48%-32.2pp

31.72%-17.5pp

Employer contribution / active EE

$4,827

$2,692+79.3%

$3,660+31.9%

$2,471+95.4%

Participant deferral / active EE

$3,680

$3,282+12.1%

$4,370-15.8%

$3,740-1.6%

Admin fee / account holder

$1,244

$4,401-71.7%

$5,947-79.1%

$5,306-76.6%

HASSLEN CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN -AGCMN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HASSLEN CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN -AGCMN

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