Retirement plan

HOURIGAN CONSTRUCTION CORP. 401(K) PLAN

Name: HOURIGAN CONSTRUCTION CORP. - HOURIGAN CONSTRUCTION CORP. 401(K) PLAN (2020) 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 CORP.EIN 54-0852016Plan #001PY 2020

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$23.9M

+23.4% from 2019

Total participants

261

+7.4% from 2019

Average account balance

$107,058

+12.3% from 2019

Annual return

19.81%

-7.42 pp from 2019

Benchmarks

See 2,939 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,939 peers

Snapshot2020

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.4 years Service code 14 · EIN 27-2037969	Plan Administrator	$18,380
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 42-1558009	Trustee (individual); Trustee (bank, ...	$11,431

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

$30K

$133 / participant

Contract admin$18K61.7%
Other / not subdivided$11K38.3%

% of EOY assets

0.125%

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

$107,058

$69,383+54.3%

$101,275+5.7%

$73,497+45.7%

Participation rate

83.0%

68.4%+14.7pp

75.8%+7.2pp

70.7%+12.4pp

Annual return

19.81%

18.46%+1.3pp

46.48%-26.7pp

28.51%-8.7pp

Employer contribution / active EE

$3,031

$2,628+15.3%

$3,660-17.2%

$2,270+33.5%

Participant deferral / active EE

$7,117

$3,301+115.6%

$4,371+62.8%

$3,740+90.3%

Admin fee / account holder

$134

$704-81.0%

$5,948-97.8%

$513-73.9%

Provider

Service type

Compensation

NEWPORT GROUP, INC.4 years

Service code 14 · EIN 27-2037969

Plan Administrator

$18,380

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 42-1558009

Trustee (individual); Trustee (bank, ...

$11,431

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