Retirement plan

THE HAGADONE CORPORATION RETIREMENT PLAN

Name: THE HAGADONE CORPORATION - THE HAGADONE CORPORATION RETIREMENT PLAN (2021) Form 5500
Creator: THE HAGADONE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HAGADONE CORPORATION RETIREMENT PLAN, THE HAGADONE CORPORATION

THE HAGADONE CORPORATIONEIN 82-0288922Plan #005PY 2021

111 S. FIRST STREET, P.O. BOX 6200 - COEUR D ALENE, ID 83816208-667-3431hagadone.comLinkedIn1001-5000 employeespublishing

Prospect flagsHigh feesLow participationLow employer contributionLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$44.2M

+9.7% from 2020

Total participants

1,355

+2.7% from 2020

Average account balance

$85,145

+13.1% from 2020

Annual return

15.41%

+1.11 pp from 2020

Benchmarks

See 184 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants1,000-4,999

Cohort184 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$43.04M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

599

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.

26.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+14.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$124

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 10 of 16 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 49 · EIN 84-0467907	Other Services	$139,332
INNOVEST PORTFOLIO SOLUTIONS LLC1 year Filed as: INNOVEST PORFOLIO SOLUTIONS LL Service code 29 · EIN 84-0382505	Legal	$10,617
THE HAGADONE CORPORATION1 year Service code 14 · EIN 82-0288922	Plan Administrator	$5,226
AMERICAN FUNDS5 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
ARTISAN PARTNERS1 year Filed as: ARTISAN Service code 52 · EIN 39-1811840	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS5 years Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN Service code 52 · EIN 26-3613641	Indirect Investment Fees	$0
MAINSTAY5 years Service code 52 · EIN 52-2206685	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.5 years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$0
METROPOLITAN WEST ASSET MANAGEMENT5 years Service code 52 · EIN 95-4597302	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3H2T

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.
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

5 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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$158K

$128 / participant

Investment mgmt$141K89.1%
Contract admin$14K8.9%
Other / not subdivided$3K2.0%

% of EOY assets

0.358%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTON LARSON ALLEN
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,145

$108,617-21.6%

$108,405-21.5%

$93,010-8.5%

Participation rate

32.6%

83.1%-50.6pp

80.1%-47.6pp

73.9%-41.3pp

Annual return

15.41%

21.63%-6.2pp

905.55%-890.1pp

158.70%-143.3pp

Employer contribution / active EE

$294

$3,249-90.9%

$3,559-91.7%

$2,705-89.1%

Participant deferral / active EE

$1,432

$7,885-81.8%

$6,563-78.2%

$4,561-68.6%

Admin fee / account holder

$305

$94+226.1%

$7,297-95.8%

$152+101.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 49 · EIN 84-0467907

Other Services

$139,332

INNOVEST PORTFOLIO SOLUTIONS LLC1 year

Filed as: INNOVEST PORFOLIO SOLUTIONS LL

Service code 29 · EIN 84-0382505

Legal

$10,617

THE HAGADONE CORPORATION1 year

Service code 14 · EIN 82-0288922

Plan Administrator

$5,226

AMERICAN FUNDS5 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

ARTISAN PARTNERS1 year

Filed as: ARTISAN

Service code 52 · EIN 39-1811840

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS5 years

Service code 52 · EIN 36-3129984

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN

Service code 52 · EIN 26-3613641

Indirect Investment Fees

MAINSTAY5 years

Service code 52 · EIN 52-2206685

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.5 years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

METROPOLITAN WEST ASSET MANAGEMENT5 years

Service code 52 · EIN 95-4597302

Indirect Investment Fees

THE HAGADONE CORPORATION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE HAGADONE CORPORATION RETIREMENT 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