Retirement plan

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

Name: HITT CONTRACTING INC. - HITT CONTRACTING INC. 401(K) SAVINGS & PROFIT SHARING PLAN (2020) 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 2020

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$155.2M

+22.3% from 2019

Total participants

1,478

+4.3% from 2019

Average account balance

$105,473

+17.8% from 2019

Annual return

17.79%

-4.41 pp from 2019

Benchmarks

See 458 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort458 peers

Snapshot2020

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 AND5 years Service code 13 · EIN 06-1050034	Contract Administrator	$134,159
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES LLC Service code 27 · EIN 35-2552359	Advisory (Plan)	$30,000
BAKER TILLY US, LLP1 year Filed as: BAKER TILLY VIRCHOW KRAUSE Service code 10 · EIN 39-0859910	Accounting	$25,000
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISOR SERVICES Service code 27 · EIN 74-2794194	Advisory (Plan)	$10,000

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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$235K

$204 / participant

Other / not subdivided$235K100.0%

% of EOY assets

0.152%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$105,473

$81,719+29.1%

$101,275+4.1%

$90,274+16.8%

Participation rate

99.4%

80.7%+18.7pp

75.8%+23.6pp

73.4%+26.0pp

Annual return

17.79%

337.64%-319.9pp

46.48%-28.7pp

53.97%-36.2pp

Employer contribution / active EE

$3,272

$3,622-9.7%

$3,660-10.6%

$2,523+29.7%

Participant deferral / active EE

$9,147

$3,310+176.4%

$4,371+109.3%

$4,231+116.2%

Admin fee / account holder

$160

$162-1.2%

$5,948-97.3%

$114+40.2%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND5 years

Service code 13 · EIN 06-1050034

Contract Administrator

$134,159

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 27 · EIN 35-2552359

Advisory (Plan)

$30,000

BAKER TILLY US, LLP1 year

Filed as: BAKER TILLY VIRCHOW KRAUSE

Service code 10 · EIN 39-0859910

Accounting

$25,000

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISOR SERVICES

Service code 27 · EIN 74-2794194

Advisory (Plan)

$10,000

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