Retirement plan

HAUGAN HEATING & AIR CONDITIONING 401(K) PROFIT SHARING PLAN

Name: HAUGAN HEATING & AIR CONDITIONING, INC. - HAUGAN HEATING & AIR CONDITIONING 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: HAUGAN HEATING & AIR CONDITIONING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAUGAN HEATING & AIR CONDITIONING 401(K) PROFIT SHARING PLAN, HAUGAN HEATING & AIR CONDITIONING, INC.

HAUGAN HEATING & AIR CONDITIONING, INC.EIN 46-0414025Plan #001PY 2024

107 W MAIN ST - LITTLE CHUTE, WI 54140605-334-7911

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$95K

+80.0% from 2023

Total participants

+6.7% from 2023

Average account balance

$11,850

+80.0% from 2023

Annual return

21.18%

-15.36 pp from 2023

Benchmarks

See 54,761 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,761 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$95K

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

53.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$31K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+21.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$63

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$503

$34 / participant

Other / not subdivided$503100.0%

% of EOY assets

0.531%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,850

$110,410-89.3%

$102,437-88.4%

$145,897-91.9%

Participation rate

46.7%

77.9%-31.3pp

74.5%-27.8pp

80.3%-33.6pp

Annual return

21.18%

24.85%-3.7pp

24.95%-3.8pp

552.29%-531.1pp

Employer contribution / active EE

$918

$4,217-78.2%

$3,871-76.3%

$4,663-80.3%

Participant deferral / active EE

$1,147

$5,622-79.6%

$5,060-77.3%

$6,689-82.8%

Admin fee / account holder

$63

$9,745-99.4%

$8,388-99.3%

$13,390-99.5%

HAUGAN HEATING & AIR CONDITIONING 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAUGAN HEATING & AIR CONDITIONING 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