Retirement plan

HENNING CONSTRUCTION COMPANY 401(K) PLAN

Name: HENNING CONSTRUCTION COMPANY - HENNING CONSTRUCTION COMPANY 401(K) PLAN (2022) Form 5500
Creator: HENNING CONSTRUCTION COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HENNING CONSTRUCTION COMPANY 401(K) PLAN, HENNING CONSTRUCTION COMPANY

HENNING CONSTRUCTION COMPANYEIN 42-0936661Plan #001PY 2022

5800 MERLE HAY ROAD, SUITE 14 - JOHNSTON, IA 50131515-253-0943

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$5.5M

-12.4% from 2021

Total participants

111

+8.8% from 2021

Average account balance

$60,073

-17.2% from 2021

Annual return

-20.83%

-33.07 pp from 2021

Benchmarks

See 17,344 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort17,344 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.79M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

107

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.

74.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$300

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
NATIONWIDE3 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$21,103
PRIMARY WEALTH MANAGEMENT, LLC3 years Service code 26 2630 EASTSIDE BLVD · BEATRICE, NE 68310	Advisory (Participants)	$13,499
NEWPORT GROUP, INC.3 years Service code 15 · EIN 42-1451295 200 DRYDEN ROAD · DRESHER, PA 19025	Recordkeeping	$11,089
IFP ADVISORS INC DBA INDEPENDENT FI1 year Filed as: IFP ADVISORS, LLC Service code 26 · EIN 59-3331424 DBA INDEPENDENT FINANCIAL PARTNERS · TAMPA, FL 33607	Advisory (Participants)	$4,321

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$25K

$256 / participant

Investment mgmt$25K100.0%

% of EOY assets

0.453%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,073

$64,719-7.2%

$112,249-46.5%

$68,486-12.3%

Participation rate

80.6%

67.2%+13.5pp

75.1%+5.6pp

67.9%+12.7pp

Annual return

-20.83%

-11.40%-9.4pp

27.48%-48.3pp

-7.85%-13.0pp

Employer contribution / active EE

$2,185

$2,747-20.4%

$3,636-39.9%

$2,597-15.8%

Participant deferral / active EE

$6,515

$3,565+82.7%

$4,729+37.8%

$4,028+61.8%

Admin fee / account holder

$272

$5,232-94.8%

$6,412-95.8%

$5,404-95.0%

Provider

Service type

Compensation

NATIONWIDE3 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$21,103

PRIMARY WEALTH MANAGEMENT, LLC3 years

Service code 26

2630 EASTSIDE BLVD · BEATRICE, NE 68310

Advisory (Participants)

$13,499

NEWPORT GROUP, INC.3 years

Service code 15 · EIN 42-1451295

200 DRYDEN ROAD · DRESHER, PA 19025

Recordkeeping

$11,089

IFP ADVISORS INC DBA INDEPENDENT FI1 year

Filed as: IFP ADVISORS, LLC

Service code 26 · EIN 59-3331424

DBA INDEPENDENT FINANCIAL PARTNERS · TAMPA, FL 33607

Advisory (Participants)

$4,321

HENNING CONSTRUCTION COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HENNING CONSTRUCTION COMPANY 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