Hunt Electric Corporation
Form 5500 DataOverview
Plan Description
Hunt Electric Corporation and ECSI 401k Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 84, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Account Balances, Company Generosity, Participation Rate, and Salary Deferral. Hunt Electric Corporation and ECSI 401k Profit Sharing Plan currently has over 200 active participants and over $63.9M in plan assets.
Did you know?
For the average 401k participant, the 5 point difference between this plan's BrightScope Rating (84) and the top rated plan (89) could equate to:
4
Additional years of work
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?
Plan Details
Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.
Plan data accurate as of 12/31/2019
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 7900 Chicago Avenue S
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 7900 Chicago Avenue S
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LocationBloomington , MN55420
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IndustryElectrical Contractors and Other Wiring Installation Contractors
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AdministratorMegan Clyne
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Net Plan Assets$63,900,000
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Total Participants260
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Avg Account Balance$250,000
Plan Components
Component Ratings
Design
Total Plan Cost:
Low Fees
Company Generosity:
Great
Performance
Participation Rate:
Great
Salary Deferrals:
Great
Account Balance:
Great
Design
Total Plan Cost:
Low Fees
Company Generosity:
Great
Performance
Participation Rate:
Above Average
Salary Deferrals:
Great
Account Balance:
Great
Peer Group Plans
Company | Rating |
---|---|
W. Frank Harshaw and Associates | 81.8 |
L & H Company | 79.1 |
Bradley | 76.3 |
W.W. Gay Mechanical Contractor | 75.3 |
Plumbers and Pipefitters Local 553 | 71.2 |
The Board of Trustees of the IBEW Local 968 Pension Fund | 70.4 |
Top Industry Articles
Compliance
Stimulus Bill Extends Some Provisions of the CARES Act
It also provides a way for retirement plan sponsors to avoid a partial plan termination.
December 28, 2020
Practice Management
Practice Management: Areas of Success
A look at what worked particularly well in 2020 and that could keep propelling growth in 2021.
December 28, 2020
Deals & People
HUB Names New Leader for Retirement and Private Wealth
PLANADVISER has learned that HUB International has named Joe DeNoyior as the new leader for Retirement and Private Wealth.
January 22, 2021
exclusives
Democrats Have Won the Power to Fix Union Pensions
A bipartisan compromise solution to end the multiemployer pension crisis is urgently required, sources agree, and one could finally be forthcoming in the U.S. Congress.
January 19, 2021
Compliance
Retirement Plan Trustee Faces Cybersecurity-Related Lawsuit
The lawsuit says the trustee failed to prevent a fraudulent distribution from a participant's account and is failing to take responsibility.
January 15, 2021
Investments
Largest Funds in this Plan | Allocation of Assets | 1 YR Rank in Category |
---|---|---|
MetWest Total Return Bond | 15% |
34%
|
Vanguard Windsor II | 9% |
1%
|
T. Rowe Price Blue Chip Growth | 7% |
63%
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100%
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|
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100%
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|
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100%
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|
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100%
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View all funds in this plan
Providers
Articles and Questions

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