Retirement plan

HAAS AUTOMATION, INC. 401K PROFIT SHARING PLAN

Name: HAAS AUTOMATION, INC. - HAAS AUTOMATION, INC. 401K PROFIT SHARING PLAN (2017) 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 2017

2800 STURGIS RD. - OXNARD, CA 930308901805-278-1800haascnc.comLinkedIn1001-5000 employeesmachinery

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$207.2M

-6.3% from 2016

Total participants

1,495

+4.7% from 2016

Average account balance

$141,356

-9.7% from 2016

Annual return

15.80%

-8.16 pp from 2016

Benchmarks

See 786 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort786 peers

Snapshot2017

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 4 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.3+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES, IN Service code 15 · EIN 34-1479833	Recordkeeping	$41,300
CHARLES SCHWAB & CO., INC.3+ years Service code 33 · EIN 94-1737782	Direct payment from the plan; Other i...	$6,941
STEEL PEAK WEALTH MGMT LLC2 years Service code 26 · EIN 46-1173026	Advisory (Participants)	$6,240
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB & CO INC AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2R3H2T3D2S

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$50K

$40 / participant

Investment mgmt$9K17.8%
Other / not subdivided$41K82.2%

% of EOY assets

0.024%

all-in expense ratio

Categories reported

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$141,356

$88,730+59.3%

$82,312+71.7%

$77,958+81.3%

Participation rate

97.7%

84.5%+13.1pp

76.9%+20.8pp

71.6%+26.0pp

Annual return

15.80%

20.88%-5.1pp

25.88%-10.1pp

20.87%-5.1pp

Employer contribution / active EE

$4,816

$2,758+74.6%

$2,428+98.3%

$2,310+108.4%

Participant deferral / active EE

$5,359

$4,634+15.6%

$3,706+44.6%

$3,537+51.5%

Admin fee / account holder

$34

$74-53.9%

$5,608-99.4%

$97-65.0%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.3+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES, IN

Service code 15 · EIN 34-1479833

Recordkeeping

$41,300

CHARLES SCHWAB & CO., INC.3+ years

Service code 33 · EIN 94-1737782

Direct payment from the plan; Other i...

$6,941

STEEL PEAK WEALTH MGMT LLC2 years

Service code 26 · EIN 46-1173026

Advisory (Participants)

$6,240

CHARLES SCHWAB & CO., INC.3+ 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