Retirement plan

HACI MECHANICAL CONTRACTORS 401(K) PLAN

Name: HACI MECHANICAL CONTRACTORS, INC. - HACI MECHANICAL CONTRACTORS 401(K) PLAN (2017) Form 5500
Creator: HACI MECHANICAL CONTRACTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HACI MECHANICAL CONTRACTORS 401(K) PLAN, HACI MECHANICAL CONTRACTORS, INC.

HACI MECHANICAL CONTRACTORS, INC.EIN 86-0269891Plan #001PY 2017

2108 WEST SHANGRI-LA ROAD - PHOENIX, AZ 85029602-944-1555hacimechanical.comLinkedIn51-200 employeesconstruction

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$7.3M

+5.3% from 2016

Total participants

167

-0.6% from 2016

Average account balance

$66,770

+3.4% from 2016

Annual return

15.05%

+8.48 pp from 2016

Benchmarks

See 2,582 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,582 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.85M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

201

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.13M

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

+12.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$78

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 5 by compensation

Provider	Service type	Compensation
WISDOM WEALTH STRATEGIES LLC1 year Filed as: WISDOM WEALTH INVESTMENT ADVIS Service code 26	Advisory (Participants)	$13,348
INVESTMENT ADVISORS CORP1 year Filed as: INVESTMENT ADVISORS Service code 26	Advisory (Participants)	$9,456
PENSION STRATEGIES, LLC1 year Filed as: PENSION STRATEGIES, INC. Service code 11 · EIN 20-5397720 2141 EAST HIGHLAND AVENUE, #180 · PHOENIX, AZ 85016	Actuarial	$1,505
PENSION STRATEGIES, LLC3+ years Service code 11 · EIN 20-0333992 2141 EAST HIGHLAND AVENUE, #180 · PHOENIX, AZ 85016	Actuarial	$1,075
JOHN HANCOCK LIFE INSURANCE COMPANY3+ years Service code 15 · EIN 01-0233346	Recordkeeping	$624

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$4K

$26 / participant

Investment mgmt$61216.0%
Contract admin$3K84.0%

% of EOY assets

0.052%

all-in expense ratio

Categories reported

2 / 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: WEINTRAUB & SCHANCK, P.C.
Auditor EIN: 300140762
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,770

$58,726+13.7%

$92,240-27.6%

$62,293+7.2%

Participation rate

61.2%

68.3%-7.1pp

76.5%-15.3pp

69.5%-8.3pp

Annual return

15.05%

43.62%-28.6pp

176.29%-161.2pp

28.90%-13.8pp

Employer contribution / active EE

$768

$2,392-67.9%

$3,680-79.1%

$2,042-62.4%

Participant deferral / active EE

$2,337

$2,766-15.5%

$3,897-40.0%

$3,169-26.3%

Admin fee / account holder

$35

$556-93.8%

$5,194-99.3%

$479-92.8%

Provider

Service type

Compensation

WISDOM WEALTH STRATEGIES LLC1 year

Filed as: WISDOM WEALTH INVESTMENT ADVIS

Service code 26

Advisory (Participants)

$13,348

INVESTMENT ADVISORS CORP1 year

Filed as: INVESTMENT ADVISORS

Service code 26

Advisory (Participants)

$9,456

PENSION STRATEGIES, LLC1 year

Filed as: PENSION STRATEGIES, INC.

Service code 11 · EIN 20-5397720

2141 EAST HIGHLAND AVENUE, #180 · PHOENIX, AZ 85016

Actuarial

$1,505

PENSION STRATEGIES, LLC3+ years

Service code 11 · EIN 20-0333992

2141 EAST HIGHLAND AVENUE, #180 · PHOENIX, AZ 85016

Actuarial

$1,075

JOHN HANCOCK LIFE INSURANCE COMPANY3+ years

Service code 15 · EIN 01-0233346

Recordkeeping

$624

HACI MECHANICAL CONTRACTORS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HACI MECHANICAL CONTRACTORS 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