Retirement plan

HOURIGAN CONSTRUCTION CORP. 401(K) PLAN

Name: HOURIGAN CONSTRUCTION CORP. - HOURIGAN CONSTRUCTION CORP. 401(K) PLAN (2021) 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 2021

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$28.2M

+18.1% from 2020

Total participants

267

+2.3% from 2020

Average account balance

$122,624

+14.5% from 2020

Annual return

16.96%

-2.85 pp from 2020

Benchmarks

See 2,980 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,980 peers

Snapshot2021

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 4 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.5 years Service code 14 · EIN 27-2037969	Plan Administrator	$36,412
FORVIS, LLP1 year Service code 10 · EIN 44-0160260	Accounting	$13,573
MID ATLANTIC CAPITAL CORPORATION1 year Filed as: MIDATLANTIC CAPITAL MANAGEMENT Service code 27 11448 ROBIOUS RD. · RICHMOND, VA 23235	Advisory (Plan)	$13,027
NEWPORT GROUP, INC.3 years Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 42-1558009	Trustee (individual); Trustee (bank, ...	$11,322

Plan features & details

Pension benefit codes2E2F2G2J3D3F

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$74K

$333 / participant

Investment mgmt$13K17.5%
Contract admin$36K49.0%
Other / not subdivided$25K33.5%

% of EOY assets

0.264%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$122,624

$77,677+57.9%

$109,188+12.3%

$79,389+54.5%

Participation rate

83.4%

67.8%+15.6pp

75.9%+7.5pp

70.7%+12.7pp

Annual return

16.96%

23.44%-6.5pp

25.76%-8.8pp

116.89%-99.9pp

Employer contribution / active EE

$3,197

$2,798+14.2%

$3,723-14.1%

$2,428+31.7%

Participant deferral / active EE

$7,436

$3,517+111.4%

$4,654+59.8%

$4,046+83.8%

Admin fee / account holder

$323

$732-55.9%

$6,755-95.2%

$626-48.4%

Provider

Service type

Compensation

NEWPORT GROUP, INC.5 years

Service code 14 · EIN 27-2037969

Plan Administrator

$36,412

FORVIS, LLP1 year

Service code 10 · EIN 44-0160260

Accounting

$13,573

MID ATLANTIC CAPITAL CORPORATION1 year

Filed as: MIDATLANTIC CAPITAL MANAGEMENT

Service code 27

11448 ROBIOUS RD. · RICHMOND, VA 23235

Advisory (Plan)

$13,027

NEWPORT GROUP, INC.3 years

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 42-1558009

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

$11,322

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