Retirement plan

THE BECK GROUP RETIREMENT SAVINGS PLAN

Name: HCBECK, LTD. - THE BECK GROUP RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: HCBECK, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE BECK GROUP RETIREMENT SAVINGS PLAN, HCBECK, LTD.

HCBECK, LTD.dba THE BECK GROUPEIN 75-1731802Plan #003PY 2024

1601 ELM STREET, SUITE 2800 - DALLAS, TX 752012031512-997-5018LinkedIn1001-5000 employeesconstruction

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed December 25, 2013

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$189.9M

+3.6% from 2023

Total participants

1,142

-5.5% from 2023

Average account balance

$172,499

+11.2% from 2023

Annual return

7.94%

-9.00 pp from 2023

Benchmarks

See 1,565 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,565 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$189.92M

Not enough data

1 years with asset history on file

Average account balance

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

$172K

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.

1,101

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.

94.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+7.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$283

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC10+ years Service code 15 1307 POINT STREET · BALTIMORE, MD 21231	Recordkeeping	$83,826
CREATIVE PLANNING LLC3 years Service code 16 5454 W 110TH STREET · OVERLAND PARK, KS 66211	Consulting	$70,000
WEAVER AND TIDWELL, LLP7 years Service code 10 2821 WEST 7TH STREET · FORT WORTH, TX 76107	Accounting	$25,020
THE LAMPO GROUP, INC.7 years Service code 27 1749 MALLORY LANE · BRENTWOOD, TN 37027	Advisory (Plan)	$8,737

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$312K

$431 / participant

Recordkeeping$84K26.9%
Investment mgmt$9K2.9%
Other trustee fees$122K39.3%
Other / not subdivided$96K30.9%

% of EOY assets

0.164%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: WEAVER AND TIDWELL, L.L.P.
Auditor EIN: 750786316
Audit fees: $25,020
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$172,499

$82,917+108.0%

$103,333+66.9%

$77,643+122.2%

Participation rate

94.3%

71.6%+22.8pp

74.5%+19.8pp

70.6%+23.8pp

Annual return

7.94%

19.13%-11.2pp

24.88%-16.9pp

31.24%-23.3pp

Employer contribution / active EE

$6,192

$3,552+74.4%

$3,868+60.1%

$2,726+127.2%

Participant deferral / active EE

$10,006

$4,108+143.5%

$5,057+97.8%

$4,647+115.3%

Admin fee / account holder

$283

$638-55.6%

$8,355-96.6%

$430-34.2%

Provider

Service type

Compensation

T ROWE PRICE RPS INC10+ years

Service code 15

1307 POINT STREET · BALTIMORE, MD 21231

Recordkeeping

$83,826

CREATIVE PLANNING LLC3 years

Service code 16

5454 W 110TH STREET · OVERLAND PARK, KS 66211

Consulting

$70,000

WEAVER AND TIDWELL, LLP7 years

Service code 10

2821 WEST 7TH STREET · FORT WORTH, TX 76107

Accounting

$25,020

THE LAMPO GROUP, INC.7 years

Service code 27

1749 MALLORY LANE · BRENTWOOD, TN 37027

Advisory (Plan)

$8,737

THE BECK GROUP RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE BECK GROUP RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

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