Retirement plan

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

Name: HITT CONTRACTING INC. - HITT CONTRACTING INC. 401(K) SAVINGS & PROFIT SHARING PLAN (2018) 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 2018

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)

$100M

-1.6% from 2017

Total participants

1,331

+9.4% from 2017

Average account balance

$77,928

-9.7% from 2017

Annual return

-3.26%

-25.71 pp from 2017

Benchmarks

See 405 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort405 peers

Snapshot2018

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND3 years Service code 13 · EIN 06-1050034	Contract Administrator	$124,664
BAKER TILLY US, LLP4+ years Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP Service code 10 · EIN 38-0859910	Accounting	$23,500
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA INVESTMENT SERVICES, LLC. Service code 26 · EIN 74-2794194	Advisory (Participants)	$20,000
NFP RETIREMENT INC3 years Filed as: NFP ADVISOR SERVICES, LLP Service code 27 · EIN 47-1566880	Advisory (Plan)	$20,000
ISLER DARE, P.C.2 years Service code 29 · EIN 54-1844836	Legal	$5,698

Plan features & details

Pension benefit codes2A2E2F2J2S3D

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.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$196K

$190 / participant

Other / not subdivided$196K100.0%

% of EOY assets

0.196%

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

$77,928

$60,396+29.0%

$83,831-7.0%

$75,289+3.5%

Participation rate

95.3%

80.7%+14.6pp

76.1%+19.2pp

72.4%+22.9pp

Annual return

-3.26%

3.84%-7.1pp

850.99%-854.2pp

-0.04%-3.2pp

Employer contribution / active EE

$3,290

$3,343-1.6%

$3,631-9.4%

$2,405+36.8%

Participant deferral / active EE

$7,194

$2,922+146.2%

$4,082+76.2%

$3,739+92.4%

Admin fee / account holder

$153

$141+8.1%

$5,479-97.2%

$102+49.3%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND3 years

Service code 13 · EIN 06-1050034

Contract Administrator

$124,664

BAKER TILLY US, LLP4+ years

Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP

Service code 10 · EIN 38-0859910

Accounting

$23,500

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA INVESTMENT SERVICES, LLC.

Service code 26 · EIN 74-2794194

Advisory (Participants)

$20,000

NFP RETIREMENT INC3 years

Filed as: NFP ADVISOR SERVICES, LLP

Service code 27 · EIN 47-1566880

Advisory (Plan)

$20,000

ISLER DARE, P.C.2 years

Service code 29 · EIN 54-1844836

Legal

$5,698

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