Retirement plan

HAAS AUTOMATION, INC. 401K PROFIT SHARING PLAN

Name: HAAS AUTOMATION, INC. - HAAS AUTOMATION, INC. 401K PROFIT SHARING PLAN (2024) Form 5500
Creator: HAAS AUTOMATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAAS AUTOMATION, INC. 401K PROFIT SHARING PLAN, HAAS AUTOMATION, INC.

HAAS AUTOMATION, INC.EIN 95-3883244Plan #001PY 2024

2800 STURGIS ROAD - OXNARD, CA 93030805-278-1800haascnc.comLinkedIn1001-5000 employeesmachinery

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$356.1M

+15.4% from 2023

Total participants

1,777

+1.0% from 2023

Average account balance

$204,160

+14.8% from 2023

Annual return

12.74%

-3.83 pp from 2023

Benchmarks

See 840 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort840 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$356.06M

Not enough data

1 years with asset history on file

Average account balance

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

$204K

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.

1,744

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$21.47M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+12.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$39

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
CHARLES SCHWAB & CO., INC.7 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$37,847
TURNER CAPITAL INVESTMENTS LLC1 year Service code 26 · EIN 26-1894983	Advisory (Participants)	$14,519
PRISM ADVISORS INC5 years Service code 26 · EIN 20-0077521	Advisory (Participants)	$9,126
CHARLES SCHWAB & CO., INC.10+ years Service code 33 · EIN 94-1737782	Securities brokerage; Other investmen...	$935
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2G2J2R2S2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

$68K

$49 / participant

Recordkeeping$18K25.7%
Investment mgmt$51K74.3%

% of EOY assets

0.019%

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: BARTLETT, PRINGLE & WOLF, LLP
Auditor EIN: 952089835
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$204,160

$110,282+85.1%

$102,423+99.3%

$199,921+2.1%

Participation rate

97.6%

86.3%+11.3pp

76.5%+21.1pp

72.0%+25.6pp

Annual return

12.74%

35.75%-23.0pp

29.42%-16.7pp

34.28%-21.5pp

Employer contribution / active EE

$6,645

$3,603+84.4%

$3,023+119.8%

$3,035+118.9%

Participant deferral / active EE

$8,950

$6,376+40.4%

$5,054+77.1%

$5,089+75.9%

Admin fee / account holder

$39

$122-68.1%

$9,455-99.6%

$269-85.5%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.7 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$37,847

TURNER CAPITAL INVESTMENTS LLC1 year

Service code 26 · EIN 26-1894983

Advisory (Participants)

$14,519

PRISM ADVISORS INC5 years

Service code 26 · EIN 20-0077521

Advisory (Participants)

$9,126

CHARLES SCHWAB & CO., INC.10+ years

Service code 33 · EIN 94-1737782

Securities brokerage; Other investmen...

$935

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL

Service code 59

Shareholder Servicing

HAAS AUTOMATION, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAAS AUTOMATION, INC. 401K PROFIT SHARING 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