Retirement plan

HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP

Name: HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. - HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP (2016) Form 5500
Creator: HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP, HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC.

HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC.EIN 63-0887505Plan #003PY 2016

1002 5TH AVENUE SE - DECATUR, AL 35601256-353-9244

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$2.4M

+25.9% from 2015

Total participants

183

-2.1% from 2015

Average account balance

$16,409

+25.9% from 2015

Annual return

11.12%

+11.93 pp from 2015

Benchmarks

See 2,382 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,382 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.08M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

123

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.

75.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$718K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$512

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$9K

$70 / participant

Contract admin$7K76.7%
Other / not subdivided$2K23.3%

% of EOY assets

0.378%

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: ANGLIN REICHMANN SNELLGROVE ARMSTRO
Auditor EIN: 631262841
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,409

$52,884-69.0%

$84,751-80.6%

$55,167-70.3%

Participation rate

71.5%

67.5%+4.0pp

76.6%-5.1pp

69.0%+2.5pp

Annual return

11.12%

18.03%-6.9pp

22.78%-11.7pp

169.23%-158.1pp

Employer contribution / active EE

$1,467

$2,233-34.3%

$3,574-59.0%

$1,963-25.3%

Participant deferral / active EE

$2,102

$2,644-20.5%

$3,712-43.4%

$3,054-31.2%

Admin fee / account holder

$62

$581-89.3%

$5,333-98.8%

$504-87.7%

HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUBBARD & DRAKE GENERAL/MECHANICAL CONTRACTORS, INC. 401(K) PSP

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