Retirement plan

HOURIGAN CONSTRUCTION CORP. 401(K) PLAN

Name: HOURIGAN CONSTRUCTION CORP. - HOURIGAN CONSTRUCTION CORP. 401(K) PLAN (2022) 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 2022

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$22.3M

-20.9% from 2021

Total participants

268

+0.4% from 2021

Average account balance

$95,740

-21.9% from 2021

Annual return

-16.54%

-33.50 pp from 2021

Benchmarks

See 2,998 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,998 peers

Snapshot2022

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 3 by compensation

Provider	Service type	Compensation
MID ATLANTIC CAPITAL CORPORATION2 years Filed as: MIDATLANTIC CAPITAL MANAGEMENT Service code 27 11448 ROBIOUS RD. · RICHMOND, VA 23235	Advisory (Plan)	$47,705
NEWPORT GROUP, INC.6 years Service code 14 · EIN 27-2037969	Plan Administrator	$20,834
NEWPORT GROUP, INC.4 years Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 42-1558009	Trustee (individual); Trustee (bank, ...	$14,446

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

$83K

$379 / participant

Investment mgmt$48K57.5%
Contract admin$21K25.1%
Other / not subdivided$14K17.4%

% of EOY assets

0.372%

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

$95,740

$64,176+49.2%

$112,263-14.7%

$66,949+43.0%

Participation rate

84.0%

68.4%+15.6pp

75.1%+9.0pp

69.8%+14.2pp

Annual return

-16.54%

-13.80%-2.7pp

27.49%-44.0pp

1.57%-18.1pp

Employer contribution / active EE

$3,517

$3,007+17.0%

$3,636-3.3%

$2,545+38.2%

Participant deferral / active EE

$8,079

$3,694+118.7%

$4,729+70.8%

$4,239+90.6%

Admin fee / account holder

$356

$626-43.1%

$6,410-94.4%

$594-40.0%

Provider

Service type

Compensation

MID ATLANTIC CAPITAL CORPORATION2 years

Filed as: MIDATLANTIC CAPITAL MANAGEMENT

Service code 27

11448 ROBIOUS RD. · RICHMOND, VA 23235

Advisory (Plan)

$47,705

NEWPORT GROUP, INC.6 years

Service code 14 · EIN 27-2037969

Plan Administrator

$20,834

NEWPORT GROUP, INC.4 years

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 42-1558009

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

$14,446

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