Retirement plan

HITT CONTRACTING INC. 401(K) SAVINGS & PROFIT SHARING PLAN

Name: HITT CONTRACTING INC. - HITT CONTRACTING INC. 401(K) SAVINGS & PROFIT SHARING PLAN (2017) Form 5500
Creator: HITT CONTRACTING INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HITT CONTRACTING INC. 401(K) SAVINGS & PROFIT SHARING PLAN, HITT CONTRACTING INC.

HITT CONTRACTING INC.EIN 54-0248192Plan #002PY 2017

2900 FAIRVIEW PARK DRIVE - FALLS CHURCH, VA 220424513703-846-9000hitt.comLinkedIn1001-5000 employeesconstruction

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$101.7M

+27.9% from 2016

Total participants

1,217

+5.6% from 2016

Average account balance

$86,297

+24.7% from 2016

Annual return

22.45%

+10.89 pp from 2016

Benchmarks

See 1,124 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,124 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$249.19M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

3,265

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.

68.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$31.31M

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

+12.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$77

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND2 years Service code 13 · EIN 06-1050034	Contract Administrator	$104,828
NFP RETIREMENT INC2 years Filed as: NFP ADVISOR SERVICES, LLP Service code 15 · EIN 47-1566880	Recordkeeping	$23,956
BAKER TILLY US, LLP3+ years Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP Service code 10 · EIN 38-0859910	Accounting	$22,700
ISLER DARE, P.C.1 year Service code 29 · EIN 54-1844836	Legal	$4,888

Plan features & details

Pension benefit codes2A2E2F2J2S

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$158K

$164 / participant

Other / not subdivided$158K100.0%

% of EOY assets

0.156%

all-in expense ratio

Categories reported

0 / 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: BAKER TILLY VIRCHOW KRAUSE, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,297

$60,545+42.5%

$92,240-6.4%

$69,631+23.9%

Participation rate

96.0%

72.2%+23.8pp

76.5%+19.5pp

70.7%+25.3pp

Annual return

22.45%

19.71%+2.7pp

176.29%-153.8pp

27571.02%-27548.6pp

Employer contribution / active EE

$3,198

$2,633+21.4%

$3,680-13.1%

$2,032+57.3%

Participant deferral / active EE

$7,052

$2,828+149.4%

$3,897+81.0%

$3,224+118.7%

Admin fee / account holder

$134

$145-7.2%

$5,194-97.4%

$110+21.7%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND2 years

Service code 13 · EIN 06-1050034

Contract Administrator

$104,828

NFP RETIREMENT INC2 years

Filed as: NFP ADVISOR SERVICES, LLP

Service code 15 · EIN 47-1566880

Recordkeeping

$23,956

BAKER TILLY US, LLP3+ years

Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP

Service code 10 · EIN 38-0859910

Accounting

$22,700

ISLER DARE, P.C.1 year

Service code 29 · EIN 54-1844836

Legal

$4,888

HITT CONTRACTING INC. 401(K) SAVINGS & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HITT CONTRACTING INC. 401(K) SAVINGS & 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