Retirement plan

THE ARCHITECT 401(K)PLAN - HOUSBY MACK, INC

Name: HOUSBY MACK, INC. - THE ARCHITECT 401(K)PLAN - HOUSBY MACK, INC (2018) Form 5500
Creator: HOUSBY MACK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE ARCHITECT 401(K)PLAN - HOUSBY MACK, INC, HOUSBY MACK, INC.

HOUSBY MACK, INC.EIN 42-0947935Plan #001PY 2018

4747 NE 14TH STREET - DES MOINES, IA 50313515-266-2666LinkedIn11-50 employeestransportation/trucking/railroad

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$3.9M

+3.9% from 2017

Total participants

179

+7.8% from 2017

Average account balance

$45,935

-9.7% from 2017

Annual return

-4.71%

-21.98 pp from 2017

Benchmarks

See 2,344 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,344 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.21M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

266

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$395

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO Service code 27 · EIN 41-0449260	Advisory (Plan)	$13,351
THE FINWAY GROUP1 year Service code 15 · EIN 42-1468222	Recordkeeping	$7,821
ASPIRE FINANCIAL SERVICES1 year Filed as: ASPIRE FINANCIAL Service code 64 · EIN 27-1033755	Recordkeeping Fees	$5,799

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$32K

$187 / participant

Investment mgmt$19K59.4%
Contract admin$11K34.7%
Other / not subdivided$2K5.9%

% of EOY assets

0.836%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SKIBBIE CPA INC.
Auditor EIN: 270851321
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,935

$66,302-30.7%

$110,243-58.3%

$56,287-18.4%

Participation rate

44.8%

74.9%-30.1pp

79.8%-35.1pp

69.9%-25.1pp

Annual return

-4.71%

-1.18%-3.5pp

314.76%-319.5pp

-9.96%+5.2pp

Employer contribution / active EE

$749

$2,047-63.4%

$3,827-80.4%

$2,111-64.5%

Participant deferral / active EE

$1,769

$3,381-47.7%

$4,672-62.1%

$3,350-47.2%

Admin fee / account holder

$384

$698-45.0%

$8,548-95.5%

$521-26.3%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO

Service code 27 · EIN 41-0449260

Advisory (Plan)

$13,351

THE FINWAY GROUP1 year

Service code 15 · EIN 42-1468222

Recordkeeping

$7,821

ASPIRE FINANCIAL SERVICES1 year

Filed as: ASPIRE FINANCIAL

Service code 64 · EIN 27-1033755

Recordkeeping Fees

$5,799

THE ARCHITECT 401(K)PLAN - HOUSBY MACK, INC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ARCHITECT 401(K)PLAN - HOUSBY MACK, INC

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