Retirement plan

HI-TECH ELECTRIC, INC. SAVINGS AND INVESTMENT PLAN

Name: HI-TECH ELECTRIC, INC. - HI-TECH ELECTRIC, INC. SAVINGS AND INVESTMENT PLAN (2015) Form 5500
Creator: HI-TECH ELECTRIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HI-TECH ELECTRIC, INC. SAVINGS AND INVESTMENT PLAN, HI-TECH ELECTRIC, INC.

HI-TECH ELECTRIC, INC.EIN 76-0115454Plan #001PY 2015

11116 W LITTLE YORK RD BLDG 8 - HOUSTON, TX 770415024832-243-0345

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$18M

No prior year

Total participants

417

No prior year

Average account balance

$55,097

No prior year

Annual return

3.21%

No prior year

Benchmarks

See 885 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort885 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.45M

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

226

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.

85.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+17.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$228

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 1 by compensation

Provider	Service type	Compensation
BENEFIT PLANS ADMIN SERVICES, INC.1+ years Filed as: BENEFIT PLANS ADMINISTRATIVE SERVIC Service code 15 · EIN 16-1503696 820 GESSNER ROAD · HOUSTON, TX 77024	Recordkeeping	$52,516

Plan features & details

Pension benefit codes2E2G2J2K

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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$370

$1 / participant

Other / not subdivided$370100.0%

% of EOY assets

0.002%

all-in expense ratio

Categories reported

0 / 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: SUTTON FROST CARY LLP
Auditor EIN: 752593210
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,097

$50,498+9.1%

$75,784-27.3%

$55,191-0.2%

Participation rate

70.6%

69.4%+1.2pp

75.8%-5.2pp

69.2%+1.4pp

Annual return

3.21%

1.80%+1.4pp

9.68%-6.5pp

10.78%-7.6pp

Employer contribution / active EE

$819

$2,291-64.3%

$3,323-75.4%

$1,899-56.9%

Participant deferral / active EE

$3,005

$2,589+16.1%

$3,652-17.7%

$3,046-1.3%

Admin fee / account holder

$123-99.1%

$5,300-100.0%

$91-98.8%

Provider

Service type

Compensation

BENEFIT PLANS ADMIN SERVICES, INC.1+ years

Filed as: BENEFIT PLANS ADMINISTRATIVE SERVIC

Service code 15 · EIN 16-1503696

820 GESSNER ROAD · HOUSTON, TX 77024

Recordkeeping

$52,516

HI-TECH ELECTRIC, INC. SAVINGS AND INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HI-TECH ELECTRIC, INC. SAVINGS AND INVESTMENT 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