Retirement plan

HOOPAUGH GRADING CO., LLC 401(K) PLAN

Name: HOOPAUGH GRADING CO., LLC - HOOPAUGH GRADING CO., LLC 401(K) PLAN (2024) Form 5500
Creator: HOOPAUGH GRADING CO., LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOOPAUGH GRADING CO., LLC 401(K) PLAN, HOOPAUGH GRADING CO., LLC

HOOPAUGH GRADING CO., LLCEIN 56-2159346Plan #001PY 2024

PO BOX 7727, 303 FORSYTH HALL DRIVE - CHARLOTTE, NC 282417727704-588-2284hoopaughgrading.comLinkedIn501-1000 employeesconstruction

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$16.6M

+19.4% from 2023

Total participants

746

-8.8% from 2023

Average account balance

$45,665

+15.5% from 2023

Annual return

14.20%

-6.84 pp from 2023

Benchmarks

See 1,561 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,561 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.62M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

364

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.

42.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24

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 5 by compensation

Provider	Service type	Compensation
AMERIPRISE FINANCIAL SERVICES INC3 years Filed as: AMERIPRISE Service code 22	Insurance Broker	$73,562
NATIONWIDE5 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$55,752
PENTEGRA SERVICES, INC.1 year Filed as: PENTEGRA Service code 15	Recordkeeping	$7,230
PENTEGRA SERVICES, INC.6 years Filed as: APS - PENTEGRA Service code 15 · EIN 13-3892096 5350 77 CENTER CENTER DR STE 200 · CHARLOTTE, NC 28217	Recordkeeping	$4,945
AMERIPRISE FINANCIAL SERVICES INC5 years Filed as: AMERIPRISE FINANCIAL SERVICES Service code 22 · EIN 41-0973005 50082 AMERIPRISE FINANCIAL CTR · MINNEAPOLIS, MN 55474	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$9K

$13 / participant

Contract admin$9K100.0%

% of EOY assets

0.053%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BGW CPA CO, LLP
Auditor EIN: 392318645
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,665

$83,023-45.0%

$102,437-55.4%

$77,762-41.3%

Participation rate

42.6%

71.5%-29.0pp

74.5%-32.0pp

70.6%-28.0pp

Annual return

14.20%

19.12%-4.9pp

24.95%-10.7pp

31.27%-17.1pp

Employer contribution / active EE

$1,275

$3,552-64.1%

$3,871-67.1%

$2,728-53.3%

Participant deferral / active EE

$2,186

$4,110-46.8%

$5,060-56.8%

$4,651-53.0%

Admin fee / account holder

$24

$639-96.2%

$8,388-99.7%

$433-94.4%

Provider

Service type

Compensation

AMERIPRISE FINANCIAL SERVICES INC3 years

Filed as: AMERIPRISE

Service code 22

Insurance Broker

$73,562

NATIONWIDE5 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$55,752

PENTEGRA SERVICES, INC.1 year

Filed as: PENTEGRA

Service code 15

Recordkeeping

$7,230

PENTEGRA SERVICES, INC.6 years

Filed as: APS - PENTEGRA

Service code 15 · EIN 13-3892096

5350 77 CENTER CENTER DR STE 200 · CHARLOTTE, NC 28217

Recordkeeping

$4,945

AMERIPRISE FINANCIAL SERVICES INC5 years

Filed as: AMERIPRISE FINANCIAL SERVICES

Service code 22 · EIN 41-0973005

50082 AMERIPRISE FINANCIAL CTR · MINNEAPOLIS, MN 55474

Insurance Broker

HOOPAUGH GRADING CO., LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOOPAUGH GRADING CO., LLC 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