Retirement plan

H & M MECHANICAL CONSTRUCTORS, INC. EMPLOYEE 401(K) PLAN

Name: H & M MECHANICAL CONSTRUCTORS, INC. - H & M MECHANICAL CONSTRUCTORS, INC. EMPLOYEE 401(K) PLAN (2024) Form 5500
Creator: H & M MECHANICAL CONSTRUCTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, H & M MECHANICAL CONSTRUCTORS, INC. EMPLOYEE 401(K) PLAN, H & M MECHANICAL CONSTRUCTORS, INC.

H & M MECHANICAL CONSTRUCTORS, INC.EIN 76-0670696Plan #001PY 2024

5820 CENTER STREET - PASADENA, TX 77505281-930-8750

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$16M

+26.0% from 2023

Total participants

438

+37.7% from 2023

Average account balance

$87,828

+18.4% from 2023

Annual return

17.47%

-1.29 pp from 2023

Benchmarks

See 3,310 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,310 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.98M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

182

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.

34.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+17.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$100

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 6 by compensation

Provider	Service type	Compensation
OSAIC WEALTH INC1 year Filed as: OSAIC WEALTH, INC. Service code 99	Other Fees	$57,579
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT ADVISORS,LLC Service code 26 · EIN 02-0488491	Advisory (Participants)	$9,148
ECONOMIC GROUP PENSION SERVICES2 years Service code 49 · EIN 86-2963468	Other Services	$6,699
MORNINGSTAR8 years Service code 27	Advisory (Plan)	$2,124
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$0
OSAIC WEALTH INC1 year Filed as: OSAIC WEALTH,INC. Service code 99 · EIN 93-0987232	Other Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$18K

$47 / participant

Contract admin$18K100.0%

% of EOY assets

0.114%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MELTON & MELTON, LLP
Auditor EIN: 741550819
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,828

$106,110-17.2%

$147,005-40.3%

$77,671+13.1%

Participation rate

34.0%

78.4%-44.4pp

82.2%-48.1pp

70.6%-36.6pp

Annual return

17.47%

56.77%-39.3pp

418.76%-401.3pp

31.21%-13.7pp

Employer contribution / active EE

$1,792

$4,065-55.9%

$4,934-63.7%

$2,726-34.3%

Participant deferral / active EE

$3,465

$7,992-56.6%

$8,070-57.1%

$4,648-25.4%

Admin fee / account holder

$100

$338-70.3%

$13,006-99.2%

$430-76.7%

Provider

Service type

Compensation

OSAIC WEALTH INC1 year

Filed as: OSAIC WEALTH, INC.

Service code 99

Other Fees

$57,579

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT ADVISORS,LLC

Service code 26 · EIN 02-0488491

Advisory (Participants)

$9,148

ECONOMIC GROUP PENSION SERVICES2 years

Service code 49 · EIN 86-2963468

Other Services

$6,699

MORNINGSTAR8 years

Service code 27

Advisory (Plan)

$2,124

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

OSAIC WEALTH INC1 year

Filed as: OSAIC WEALTH,INC.

Service code 99 · EIN 93-0987232

Other Fees

H & M MECHANICAL CONSTRUCTORS, INC. EMPLOYEE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

H & M MECHANICAL CONSTRUCTORS, INC. EMPLOYEE 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