Retirement plan

HAUSMANN CONSTRUCTION, INC. 401(K) PROFIT SHARING PLAN

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

HAUSMANN CONSTRUCTION, INC.EIN 45-0523054Plan #001PY 2022

8885 EXECUTIVE WOODS DR - LINCOLN, NE 685129306402-438-3230

Prospect flagsLow returnsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.3M

-5.6% from 2021

Total participants

358

+9.1% from 2021

Average account balance

$41,817

-11.9% from 2021

Annual return

-18.45%

-47.88 pp from 2021

Benchmarks

See 3,159 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,159 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.77M

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.

521

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.

84.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.83M

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

+22.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$242

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
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES FSA INC. Service code 26 · EIN 59-2937883 880 CARILLON PARKWAY · ST. PETERSBURG, FL 33716	Advisory (Participants)	$22,682
WILSHIRE ASSOCIATES INCORPORATED2 years Filed as: WILSHIRE ASSOCIATES INC. (USA) Service code 26 · EIN 95-2755361 1299 OCEAN AVE UNIT 700 · SANTA MONICA, CA 90401	Advisory (Participants)	$1,815
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Service code 15 · EIN 01-0233346 RETIREMENT PLAN SERVICES · BUFFALO, NY 142010600	Recordkeeping	$550

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$62K

$198 / participant

Investment mgmt$24K39.5%
Other / not subdivided$38K60.5%

% of EOY assets

0.665%

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: FORVIS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,817

$82,163-49.1%

$125,381-66.6%

$64,819-35.5%

Participation rate

56.9%

77.9%-21.0pp

82.4%-25.5pp

71.5%-14.6pp

Annual return

-18.45%

3.49%-21.9pp

572.31%-590.8pp

32.84%-51.3pp

Employer contribution / active EE

$1,891

$3,616-47.7%

$4,815-60.7%

$2,507-24.6%

Participant deferral / active EE

$3,863

$7,175-46.2%

$7,448-48.1%

$4,311-10.4%

Admin fee / account holder

$278

$163+70.5%

$10,007-97.2%

$188+48.1%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES FSA INC.

Service code 26 · EIN 59-2937883

880 CARILLON PARKWAY · ST. PETERSBURG, FL 33716

Advisory (Participants)

$22,682

WILSHIRE ASSOCIATES INCORPORATED2 years

Filed as: WILSHIRE ASSOCIATES INC. (USA)

Service code 26 · EIN 95-2755361

1299 OCEAN AVE UNIT 700 · SANTA MONICA, CA 90401

Advisory (Participants)

$1,815

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Service code 15 · EIN 01-0233346

RETIREMENT PLAN SERVICES · BUFFALO, NY 142010600

Recordkeeping

$550

HAUSMANN CONSTRUCTION, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAUSMANN CONSTRUCTION, INC. 401(K) PROFIT SHARING 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