Retirement plan

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

Name: HOUSBY MACK, INC. - THE ARCHITECT 401(K)PLAN - HOUSBY MACK, INC (2022) 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 2022

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

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$7.9M

-5.3% from 2021

Total participants

226

+6.6% from 2021

Average account balance

$35,771

-11.3% from 2021

Annual return

-16.79%

-30.70 pp from 2021

Benchmarks

See 2,291 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,291 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.57M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-91.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO ADVISORS LLC Service code 27 401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081	Advisory (Plan)	$26,258
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$16,979
THE FINWAY GROUP5 years Service code 13 5625 MILLS CIVIC PKWY · WEST DES MOINES, IA 50266	Contract Administrator	$16,370
SKIBBIE CPA, INC.3 years Service code 10 211 ASHLEY DR · TULLAHOMA, TN 37388	Accounting	$7,000

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$68K

$332 / participant

Other / not subdivided$68K100.0%

% of EOY assets

0.870%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,771

$86,655-58.7%

$119,608-70.1%

$66,930-46.6%

Participation rate

97.1%

75.6%+21.5pp

79.3%+17.8pp

69.8%+27.3pp

Annual return

-16.79%

-8.00%-8.8pp

-14.98%-1.8pp

1.57%-18.4pp

Employer contribution / active EE

$1,748

$2,536-31.1%

$4,232-58.7%

$2,545-31.3%

Participant deferral / active EE

$4,245

$4,358-2.6%

$5,601-24.2%

$4,238+0.2%

Admin fee / account holder

$311

$755-58.8%

$10,326-97.0%

$593-47.5%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO ADVISORS LLC

Service code 27

401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081

Advisory (Plan)

$26,258

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$16,979

THE FINWAY GROUP5 years

Service code 13

5625 MILLS CIVIC PKWY · WEST DES MOINES, IA 50266

Contract Administrator

$16,370

SKIBBIE CPA, INC.3 years

Service code 10

211 ASHLEY DR · TULLAHOMA, TN 37388

Accounting

$7,000

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