Retirement plan

HAMMERLUND CONSTRUCTION 401(K) PLAN

Name: HAMMERLUND CONSTRUCTION, INC. - HAMMERLUND CONSTRUCTION 401(K) PLAN (2016) Form 5500
Creator: HAMMERLUND CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAMMERLUND CONSTRUCTION 401(K) PLAN, HAMMERLUND CONSTRUCTION, INC.

HAMMERLUND CONSTRUCTION, INC.EIN 41-1667364Plan #001PY 2016

40 COUNTY ROAD 63 - GRAND RAPIDS, MN 557449641218-326-1881hammerlundconstruction.comLinkedIn11-50 employeesconstruction

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$749K

+17.7% from 2015

Total participants

234

+4.5% from 2015

Average account balance

$3,327

+4.6% from 2015

Annual return

1.34%

+4.11 pp from 2015

Benchmarks

See 13,704 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort13,704 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.57M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

200.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$231K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+11.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1247

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

Top 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$2,975
TAX SHELTERED COMPENSATION, INC.2+ years Service code 13 · EIN 41-0955056 7300 METRO BLVD, STE 450 · EDINA, MN 55439	Contract Administrator	$122
HAMMERLUND CONSTRUCTION, INC.2+ years Service code 25 · EIN 41-1667364 40 COUNTY RD 63 · GRAND RAPIDS, MN 55744	Directed Trustee	$0
US BANCORP INVESTMENTS INC2+ years Filed as: US BANCORP INVESTMENTS, INC. Service code 55	Other Commissions	$0

Plan features & details

Pension benefit codes2A2E2G2J2T3D3H

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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$9K

$93 / participant

Contract admin$9K100.0%

% of EOY assets

1.155%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: JUSTIN, CLASEN & COMPANY, LTD
Auditor EIN: 474889790
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$3,327

$56,894-94.2%

$84,753-96.1%

$62,881-94.7%

Participation rate

90.3%

68.5%+21.8pp

76.6%+13.7pp

69.3%+21.0pp

Annual return

1.34%

6.30%-5.0pp

22.78%-21.4pp

20.14%-18.8pp

Employer contribution / active EE

$1,671

$2,400-30.4%

$3,574-53.2%

$2,281-26.7%

Participant deferral / active EE

$1,362

$2,709-49.7%

$3,712-63.3%

$3,203-57.5%

Admin fee / account holder

$38

$3,581-98.9%

$5,333-99.3%

$4,296-99.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$2,975

TAX SHELTERED COMPENSATION, INC.2+ years

Service code 13 · EIN 41-0955056

7300 METRO BLVD, STE 450 · EDINA, MN 55439

Contract Administrator

$122

HAMMERLUND CONSTRUCTION, INC.2+ years

Service code 25 · EIN 41-1667364

40 COUNTY RD 63 · GRAND RAPIDS, MN 55744

Directed Trustee

US BANCORP INVESTMENTS INC2+ years

Filed as: US BANCORP INVESTMENTS, INC.

Service code 55

Other Commissions

HAMMERLUND CONSTRUCTION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAMMERLUND CONSTRUCTION 401(K) 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