Retirement plan

HARVEY W. HOTTEL, INC. 401(K) PLAN

Name: HARVEY W. HOTTEL, INC. - HARVEY W. HOTTEL, INC. 401(K) PLAN (2020) Form 5500
Creator: HARVEY W. HOTTEL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HARVEY W. HOTTEL, INC. 401(K) PLAN, HARVEY W. HOTTEL, INC.

HARVEY W. HOTTEL, INC.EIN 52-0627053Plan #003PY 2020

18900 WOODFIELD RD - GAITHERSBURG, MD 20879240-912-8900harveyhottel.comLinkedIn51-200 employeesfacilities services

Prospect flagsHigh feesRecently reached 100 employeesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$7.8M

+18.4% from 2019

Total participants

120

+5.3% from 2019

Average account balance

$76,928

+6.8% from 2019

Annual return

12.43%

+11.89 pp from 2019

Benchmarks

See 118 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Cohort118 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.18M

Not enough data

1 years with asset history on file

Average account balance

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

$94K

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.

107.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$548K

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

+9.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14157

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Service code 49 · EIN 04-1590850	Other Services	$46,596
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Filed as: MML INVESTORS SERVICES INC Service code 53 · EIN 04-2746212	Insurance Commissions	$6,930
AMERICAN FUNDS3 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK3 years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
FRANKLIN TEMPLETON3 years Filed as: FRANKLINTEMPLETON Service code 52 · EIN 13-3151768	Indirect Investment Fees	$0
WILMINGTON TRUST2 years Service code 52 · EIN 81-4543855	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2T

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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$47K

$471 / participant

Investment mgmt$44K94.8%
Contract admin$2K3.3%
Other / not subdivided$8811.9%

% of EOY assets

0.594%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DAVIDSON DOYLE & HILTON LLP
Auditor EIN: 541953476
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,928

$201,594-61.8%

$101,275-24.0%

Participation rate

81.8%

64.6%+17.2pp

75.8%+6.0pp

Annual return

12.43%

13.55%-1.1pp

46.48%-34.0pp

Employer contribution / active EE

$2,270

$2,288-0.8%

$3,660-38.0%

Participant deferral / active EE

$5,425

$3,091+75.5%

$4,371+24.1%

Admin fee / account holder

$457

$7,709-94.1%

$5,948-92.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Service code 49 · EIN 04-1590850

Other Services

$46,596

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Filed as: MML INVESTORS SERVICES INC

Service code 53 · EIN 04-2746212

Insurance Commissions

$6,930

AMERICAN FUNDS3 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK3 years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

FRANKLIN TEMPLETON3 years

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 13-3151768

Indirect Investment Fees

WILMINGTON TRUST2 years

Service code 52 · EIN 81-4543855

Indirect Investment Fees

HARVEY W. HOTTEL, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARVEY W. HOTTEL, INC. 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