Retirement plan

HAWKINS ENTERPRISES, INC. 401K PLAN

Name: HAWKINS ENTERPRISES, INC. - HAWKINS ENTERPRISES, INC. 401K PLAN (2020) Form 5500
Creator: HAWKINS ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAWKINS ENTERPRISES, INC. 401K PLAN, HAWKINS ENTERPRISES, INC.

HAWKINS ENTERPRISES, INC.EIN 68-0021127Plan #002PY 2020

6 CROW CANYON CT., SUITE C - SAN RAMON, CA 94583925-886-1300hawkinspools.comLinkedIn1-10 employeesgovernment administration

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.5M

+26.3% from 2019

Total participants

+242.9% from 2019

Average account balance

$107,367

+26.3% from 2019

Annual return

18.31%

-2.91 pp from 2019

Benchmarks

See 16,252 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,252 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.08M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

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.

137.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$340K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2194

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

0 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 codes2E2F2G2J3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$107,367

$72,272+48.6%

$101,264+6.0%

$79,858+34.4%

Participation rate

22.7%

68.5%-45.7pp

75.8%-53.1pp

69.6%-46.9pp

Annual return

18.31%

22.30%-4.0pp

46.48%-28.2pp

31.72%-13.4pp

Employer contribution / active EE

$714

$2,692-73.5%

$3,660-80.5%

$2,471-71.1%

Participant deferral / active EE

$1,451

$3,282-55.8%

$4,370-66.8%

$3,740-61.2%

Admin fee / account holder

$4,401-100.0%

$5,947-100.0%

$5,306-100.0%

HAWKINS ENTERPRISES, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

HAWKINS ENTERPRISES, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion