Retirement plan

HOURIGAN CONSTRUCTION CORP. 401(K) PLAN

Name: HOURIGAN CONSTRUCTION CORP - HOURIGAN CONSTRUCTION CORP. 401(K) PLAN (2019) Form 5500
Creator: HOURIGAN CONSTRUCTION CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOURIGAN CONSTRUCTION CORP. 401(K) PLAN, HOURIGAN CONSTRUCTION CORP

HOURIGAN CONSTRUCTION CORPEIN 54-0852016Plan #001PY 2019

411 E. FRANKLIN STREET, 4TH FLOOR - RICHMOND, VA 23219804-282-5300

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$19.3M

+30.5% from 2018

Total participants

243

+18.0% from 2018

Average account balance

$95,320

+15.1% from 2018

Annual return

27.23%

+26.48 pp from 2018

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.97M

Not enough data

1 years with asset history on file

Average account balance

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

$129K

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.

233

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.

81.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+16.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$405

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 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.3 years Service code 14 · EIN 27-2037969	Plan Administrator	$15,600
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 42-1558009	Trustee (bank, trust company, or simi...	$5,134

Plan features & details

Pension benefit codes2E2F2G2J2T3D3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$21K

$96 / participant

Contract admin$16K75.2%
Other / not subdivided$5K24.8%

% of EOY assets

0.107%

all-in expense ratio

Categories reported

1 / 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: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$95,320

$63,114+51.0%

$92,915+2.6%

$65,186+46.2%

Participation rate

81.6%

68.8%+12.8pp

76.0%+5.6pp

70.2%+11.4pp

Annual return

27.23%

28.75%-1.5pp

109.45%-82.2pp

29.39%-2.2pp

Employer contribution / active EE

$2,747

$2,571+6.9%

$3,653-24.8%

$2,177+26.2%

Participant deferral / active EE

$6,553

$3,108+110.8%

$4,238+54.6%

$3,514+86.5%

Admin fee / account holder

$102

$624-83.6%

$5,796-98.2%

$847-87.9%

Provider

Service type

Compensation

NEWPORT GROUP, INC.3 years

Service code 14 · EIN 27-2037969

Plan Administrator

$15,600

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 42-1558009

Trustee (bank, trust company, or simi...

$5,134

HOURIGAN CONSTRUCTION CORP. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOURIGAN CONSTRUCTION CORP. 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