Retirement plan

HAT CREEK CONSTRUCTION & MATERIALS, INC. 401(K) PLAN

Name: HAT CREEK CONSTRUCTION & MATERIALS, INC. 401(K) PLAN - HAT CREEK CONSTRUCTION & MATERIALS, INC. 401(K) PLAN (2018) Form 5500
Creator: HAT CREEK CONSTRUCTION & MATERIALS, INC. 401(K) PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAT CREEK CONSTRUCTION & MATERIALS, INC. 401(K) PLAN, HAT CREEK CONSTRUCTION & MATERIALS, INC. 401(K) PLAN

HAT CREEK CONSTRUCTION & MATERIALS, INC. 401(K) PLANEIN 68-0203789Plan #002PY 2018

24339 HIGHWAY 89 NORTH - BURNEY, CA 96013530-335-5501hatcreekconstruction.comLinkedIn1-10 employeesconstruction

Prospect flagsRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.2M

-5.6% from 2017

Total participants

126

+8.6% from 2017

Average account balance

$38,895

-14.3% from 2017

Annual return

-1.63%

-18.79 pp from 2017

Benchmarks

See 15,016 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort15,016 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.74M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

168

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.

79.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+15.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$431

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
ALL VALLEY ADMINISTRATORS, LLC4+ years Service code 15 · EIN 77-0536717	Recordkeeping	$4,315
TRANSAMERICA RETIREMENT SOLUTIONS4+ years Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399	Recordkeeping	$960
MERRILL LYNCH PIERCE FENNER & SMITH4+ years Filed as: MERRILL LYNCH LIFE AGENCY, INC. Service code 22 · EIN 13-2808480	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$5K

$91 / participant

Contract admin$5K100.0%

% of EOY assets

0.124%

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: D.H. SCOTT & COMPANY
Auditor EIN: 680397834
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,895

$57,352-32.2%

$83,831-53.6%

$64,173-39.4%

Participation rate

70.7%

68.6%+2.1pp

76.1%-5.5pp

69.6%+1.1pp

Annual return

-1.63%

11.38%-13.0pp

850.99%-852.6pp

7.63%-9.3pp

Employer contribution / active EE

$12,610

$2,546+395.4%

$3,631+247.3%

$2,381+429.6%

Participant deferral / active EE

$2,674

$2,993-10.7%

$4,082-34.5%

$3,470-22.9%

Admin fee / account holder

$48

$4,046-98.8%

$5,479-99.1%

$4,887-99.0%

Provider

Service type

Compensation

ALL VALLEY ADMINISTRATORS, LLC4+ years

Service code 15 · EIN 77-0536717

Recordkeeping

$4,315

TRANSAMERICA RETIREMENT SOLUTIONS4+ years

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

Recordkeeping

$960

MERRILL LYNCH PIERCE FENNER & SMITH4+ years

Filed as: MERRILL LYNCH LIFE AGENCY, INC.

Service code 22 · EIN 13-2808480

Insurance Broker

HAT CREEK CONSTRUCTION & MATERIALS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAT CREEK CONSTRUCTION & MATERIALS, INC. 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