Retirement plan

HANFORD OPERATIONS AND ENGINEERING INVESTMENT PLAN

Name: HANFORD PENSION AND SAVINGS PLANS COMMITTEE - HANFORD OPERATIONS AND ENGINEERING INVESTMENT PLAN (2023) Form 5500
Creator: HANFORD PENSION AND SAVINGS PLANS COMMITTEE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HANFORD OPERATIONS AND ENGINEERING INVESTMENT PLAN, HANFORD PENSION AND SAVINGS PLANS COMMITTEE

HANFORD PENSION AND SAVINGS PLANS COMMITTEEEIN 90-0501441Plan #002PY 2023

PO BOX 943 MSIN H3 08, 2345 STEVENS DR - RICHLAND, WA 99352509-372-3323

Other plans on this EIN

2 filings

#003Retirement-$1.21B assets #004Retirement-$669.6M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$1231.4M

-6.5% from 2016

Total participants

6,033

-4.5% from 2016

Average account balance

$218,026

-2.0% from 2016

Annual return

17.21%

-9.49 pp from 2016

Benchmarks

See 353 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort353 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.31B

Not enough data

1 years with asset history on file

Average account balance

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

$237K

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.

5,512

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.

89.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$78.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+12.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$140

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
THE VANGUARD GROUP, INC.3 years Filed as: VANGUARD ADVISERS INC. Service code 26 · EIN 23-2811930	Advisory (Participants)	$329,212
DAVIS WRIGHT TREMAINE3 years Filed as: DAVIS WRIGHT TREMAINE LLP Service code 16 · EIN 91-0839480	Consulting	$140,037
THE VANGUARD GROUP, INC.9+ years Service code 15 · EIN 23-1945930	Recordkeeping	$114,319
VERUS1 year Filed as: VERUS ADVISORY, INC. Service code 29 · EIN 91-1320111	Legal	$52,848
WILLIS TOWERS WATSON US LLC2 years Filed as: WILLIS TOWERS WATSON SOUTHEAST, INC Service code 22 · EIN 62-1404453	Insurance Broker	$48,465
MILLER KAPLAN ARASE LLP1 year Filed as: MILLER KAPLAN Service code 10 · EIN 95-2036255	Accounting	$21,489

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T2U3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$684K

$160 / participant

Other / not subdivided$684K100.0%

% of EOY assets

0.056%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MILLER KAPLAN ARASE,LLP
Auditor EIN: 952036255
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$218,026

$40,278+441.3%

$80,669+170.3%

$80,187+171.9%

Participation rate

91.0%

47.5%+43.5pp

67.0%+24.0pp

72.9%+18.0pp

Annual return

17.21%

50.86%-33.7pp

937.61%-920.4pp

40.40%-23.2pp

Employer contribution / active EE

$6,505

$1,332+388.2%

$2,724+138.8%

$2,980+118.3%

Participant deferral / active EE

$11,001

$2,696+308.1%

$4,444+147.5%

$5,016+119.3%

Admin fee / account holder

$121

$210-42.4%

$5,384-97.8%

$145-16.5%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.3 years

Filed as: VANGUARD ADVISERS INC.

Service code 26 · EIN 23-2811930

Advisory (Participants)

$329,212

DAVIS WRIGHT TREMAINE3 years

Filed as: DAVIS WRIGHT TREMAINE LLP

Service code 16 · EIN 91-0839480

Consulting

$140,037

THE VANGUARD GROUP, INC.9+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$114,319

VERUS1 year

Filed as: VERUS ADVISORY, INC.

Service code 29 · EIN 91-1320111

Legal

$52,848

WILLIS TOWERS WATSON US LLC2 years

Filed as: WILLIS TOWERS WATSON SOUTHEAST, INC

Service code 22 · EIN 62-1404453

Insurance Broker

$48,465

MILLER KAPLAN ARASE LLP1 year

Filed as: MILLER KAPLAN

Service code 10 · EIN 95-2036255

Accounting

$21,489

HANFORD OPERATIONS AND ENGINEERING INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HANFORD OPERATIONS AND ENGINEERING 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