Retirement plan

HAAS AUTOMATION, INC. 401K PROFIT SHARING PLAN

Name: HAAS AUTOMATION, INC. - HAAS AUTOMATION, INC. 401K PROFIT SHARING PLAN (2018) 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 2018

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$200.2M

-6.3% from 2016

Total participants

1,584

+4.7% from 2016

Average account balance

$128,310

-9.7% from 2016

Annual return

-5.01%

-8.16 pp from 2016

Benchmarks

See 831 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort831 peers

Snapshot2018

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.1 year Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$33,900
CHARLES SCHWAB & CO., INC.4+ years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Direct pa...	$11,865
STEEL PEAK WEALTH MGMT LLC3 years Service code 26 · EIN 46-1173026	Advisory (Participants)	$7,628
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009	Directed Trustee	$4
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 codes2E2G2J2R2S3D3H

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.
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

$42K

$30 / participant

Investment mgmt$8K18.3%
Other / not subdivided$34K81.7%

% of EOY assets

0.021%

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

$128,310

$78,852+62.7%

$76,768+67.1%

$75,289+70.4%

Participation rate

98.2%

85.0%+13.3pp

77.0%+21.3pp

72.4%+25.8pp

Annual return

-5.01%

-1.29%-3.7pp

2.43%-7.4pp

-0.04%-5.0pp

Employer contribution / active EE

$4,876

$2,794+74.5%

$2,485+96.2%

$2,405+102.7%

Participant deferral / active EE

$6,029

$4,800+25.6%

$3,852+56.5%

$3,739+61.3%

Admin fee / account holder

$27

$79-66.2%

$6,676-99.6%

$102-73.9%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.1 year

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$33,900

CHARLES SCHWAB & CO., INC.4+ years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Direct pa...

$11,865

STEEL PEAK WEALTH MGMT LLC3 years

Service code 26 · EIN 46-1173026

Advisory (Participants)

$7,628

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB BANK

Service code 25 · EIN 42-1558009

Directed Trustee

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