Retirement plan

HGA 401K SAVINGS PLAN

Name: HAMMEL, GREEN AND ABRAHAMSON, INC. - HGA 401K SAVINGS PLAN (2022) Form 5500
Creator: HAMMEL, GREEN AND ABRAHAMSON, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HGA 401K SAVINGS PLAN, HAMMEL, GREEN AND ABRAHAMSON, INC.

HAMMEL, GREEN AND ABRAHAMSON, INC.EIN 41-0778838Plan #002PY 2022

420 5TH ST. NORTH, SUITE 100 - MINNEAPOLIS, MN 554012338612-758-4000LinkedIn1001-5000 employeesconstruction

Other plans on this EIN

1 filing

#004Retirement-$13.7M assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed June 12, 2017 (most recent of 2 filings on file)

Plan administrator

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420 Fifth Street North, Suite 100

Minneapolis State: MN Zip Code: 55401

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Plans declared (1)

HGA Deferred Compensation Plan 201764 emp

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Total assets (EOY)

$188.5M

-8.8% from 2016

Total participants

1,881

-10.0% from 2016

Average account balance

$101,680

+1.2% from 2016

Annual return

-19.66%

-8.17 pp from 2016

Benchmarks

See 900 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort900 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$259.75M

Not enough data

1 years with asset history on file

Average account balance

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

$166K

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.

1,565

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.

99.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17.91M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+18.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$134

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.8+ years Filed as: VANGUARD GROUP INC. Service code 15 · EIN 23-1945930 P.O BOX 2600 · VALLEY FORGE, PA 19462	Recordkeeping	$161,204
BERGANKDV LTD4 years Filed as: BERGANKDV Service code 51 · EIN 20-8172864 3800 AMERICAN BLVD, SUITE 1000 · BLOOMINGTON, MN 55431	Investment Mgmt Fees	$83,134
THE VANGUARD GROUP, INC.2 years Filed as: VANGUARD ADVISERS INC. Service code 26 · EIN 23-2811930 100 VANGUARD BLVD V26 · MALVERN, PA 19355	Advisory (Participants)	$41,300
EIDE BAILLY LLP8+ years Service code 10 · EIN 45-0250958 800 NICOLLET MAL, SUITE 1300 · MINENAPOLIS, MN 554027033	Accounting	$15,225

Plan features & details

Pension benefit codes2E2F2G2J2K

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$301K

$284 / participant

Other / not subdivided$301K100.0%

% of EOY assets

0.160%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$101,680

$95,388+6.6%

$125,401-18.9%

$77,906+30.5%

Participation rate

97.5%

78.6%+18.9pp

82.4%+15.1pp

73.7%+23.8pp

Annual return

-19.66%

116.19%-135.8pp

572.53%-592.2pp

12.16%-31.8pp

Employer contribution / active EE

$3,555

$3,666-3.0%

$4,816-26.2%

$2,846+24.9%

Participant deferral / active EE

$10,630

$7,711+37.9%

$7,448+42.7%

$4,805+121.2%

Admin fee / account holder

$163

$119+36.8%

$10,008-98.4%

$133+22.6%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.8+ years

Filed as: VANGUARD GROUP INC.

Service code 15 · EIN 23-1945930

P.O BOX 2600 · VALLEY FORGE, PA 19462

Recordkeeping

$161,204

BERGANKDV LTD4 years

Filed as: BERGANKDV

Service code 51 · EIN 20-8172864

3800 AMERICAN BLVD, SUITE 1000 · BLOOMINGTON, MN 55431

Investment Mgmt Fees

$83,134

THE VANGUARD GROUP, INC.2 years

Filed as: VANGUARD ADVISERS INC.

Service code 26 · EIN 23-2811930

100 VANGUARD BLVD V26 · MALVERN, PA 19355

Advisory (Participants)

$41,300

EIDE BAILLY LLP8+ years

Service code 10 · EIN 45-0250958

800 NICOLLET MAL, SUITE 1300 · MINENAPOLIS, MN 554027033

Accounting

$15,225

HGA 401K SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HGA 401K SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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