Retirement plan

HOOPAUGH GRADING CO., LLC 401(K) PLAN

Name: HOOPAUGH GRADING CO., LLC - HOOPAUGH GRADING CO., LLC 401(K) PLAN (2022) 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 2022

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

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$10M

-2.0% from 2021

Total participants

704

+10.5% from 2021

Average account balance

$30,427

-12.2% from 2021

Annual return

-17.02%

-35.56 pp from 2021

Benchmarks

See 1,393 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,393 peers

Snapshot2022

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 4 by compensation

Provider	Service type	Compensation
NATIONWIDE3 years Service code 15 · EIN 13-3892096 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$76,445
AMERIPRISE FINANCIAL SERVICES INC1 year Filed as: AMERIPRISE Service code 22	Insurance Broker	$48,204
PENTEGRA SERVICES, INC.4 years Filed as: APS - PENTEGRA Service code 15 · EIN 13-3892096 6830 COMMERCE COURT DRIVE · BLACKLICK, OH 430049297	Recordkeeping	$9,422
AMERIPRISE FINANCIAL SERVICES INC3 years Filed as: AMERIPRISE FINANCIAL SERVICES Service code 22 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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$13K

$19 / participant

Contract admin$7K52.0%
Other / not subdivided$6K48.0%

% of EOY assets

0.125%

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, PLLC
Auditor EIN: 461302809
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,427

$106,236-71.4%

$112,263-72.9%

$64,824-53.1%

Participation rate

42.3%

71.7%-29.4pp

75.1%-32.8pp

71.5%-29.2pp

Annual return

-17.02%

-6.02%-11.0pp

27.49%-44.5pp

32.84%-49.9pp

Employer contribution / active EE

$1,087

$3,167-65.7%

$3,636-70.1%

$2,507-56.7%

Participant deferral / active EE

$1,898

$3,786-49.9%

$4,729-59.9%

$4,311-56.0%

Admin fee / account holder

$38

$452-91.6%

$6,410-99.4%

$188-79.7%

Provider

Service type

Compensation

NATIONWIDE3 years

Service code 15 · EIN 13-3892096

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$76,445

AMERIPRISE FINANCIAL SERVICES INC1 year

Filed as: AMERIPRISE

Service code 22

Insurance Broker

$48,204

PENTEGRA SERVICES, INC.4 years

Filed as: APS - PENTEGRA

Service code 15 · EIN 13-3892096

6830 COMMERCE COURT DRIVE · BLACKLICK, OH 430049297

Recordkeeping

$9,422

AMERIPRISE FINANCIAL SERVICES INC3 years

Filed as: AMERIPRISE FINANCIAL SERVICES

Service code 22

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