Hoar Construction, Llc 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2019. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Hoar Construction, Llc 401(k) Plan Facts (plan year 2019)

Plan name
HOAR 401(K) PROFIT SHARING PLAN AND TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
HOAR CONSTRUCTION, LLC
Participants
804 (703 active employees)
Former employees with a balance
103
Plan assets
$72,032,282 at Dec 31, 2019
Average account balance
$92,113 across 782 accounts
Employer contributions
$2,613,108 in plan year 2019 (25% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2019 – Dec 31, 2019
Plan established
Mar 1, 1974
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2019 (Jan 1, 2019 – Dec 31, 2019), filed Oct 9, 2020. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2019

  • $10.4 million went into the plan in contributions, $2.61 million of it from the employer (25%).
  • $7.11 million was paid out to participants.
  • Investment and other income added $12.3 million.
  • Administrative expenses were $45,065, about $58 per account.

How the Hoar Construction, Llc 401(k) changed, 2014–2019

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2014390$40.2 million$581,071$2.80 million
2015432$41.2 million$715,816$3.41 million
2016546$44.0 million$802,026$4.88 million
2017714$54.7 million$1.79 million$3.38 million
2018771$56.4 million$2.16 million$1.90 million
2019804$72.0 million$2.61 million$7.11 million

Hoar Construction, Llc 401(k) Contact Information

Phone
205-803-2121
Mailing address
TWO METROPLEX DRIVE SUITE 400, BIRMINGHAM AL 35209
Plan sponsor
HOAR CONSTRUCTION, LLC
Plan administrator
HOAR HOLDINGS, LLC
Employer identification number (EIN)
62-1367828
Plan number
001

Questions about the Hoar Construction, Llc 401(k)

Is the Hoar Construction, Llc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2019, and no later filing was found under this employer's EIN.

Does Hoar Construction, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2019 the employer contributed $2.61 million, 25% of all contributions.

Does the Hoar Construction, Llc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Hoar Construction, Llc 401(k) plan?

804 participants at the start of plan year 2019, 703 of them active employees, and 103 former employees who still had money in the plan.

What is the average 401(k) balance at Hoar Construction, Llc?

About $92,113 per account: $72.0 million in plan assets across 782 accounts with a balance at the end of plan year 2019.

Who manages the Hoar Construction, Llc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

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