Retirement plan

HMEA RETIREMENT PLAN

Name: HORACE MANN EDUCATIONAL ASSOCIATES, INC. DBA HMEA - HMEA RETIREMENT PLAN (2018) Form 5500
Creator: HORACE MANN EDUCATIONAL ASSOCIATES, INC. DBA HMEA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HMEA RETIREMENT PLAN, HORACE MANN EDUCATIONAL ASSOCIATES, INC. DBA HMEA

HORACE MANN EDUCATIONAL ASSOCIATES, INC. DBA HMEAEIN 04-2300014Plan #001PY 2018

8 FORGE PARK EAST - FRANKLIN, MA 020383138508-298-1100LinkedIn11-50 employeesindividual & family services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$8.7M

+8.5% from 2017

Total participants

668

-1.9% from 2017

Average account balance

$23,854

+7.0% from 2017

Annual return

9.10%

-5.16 pp from 2017

Benchmarks

See 3,850 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,850 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.56M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

265

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$828K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$238

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION3+ years Service code 13 · EIN 35-1140070	Contract Administrator	$37,916
BOSTON PRIVATE WEALTH LLC2 years Service code 16 · EIN 47-1618476	Consulting	$20,036

Plan features & details

Pension benefit codes2F2G2L2M2T2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$54K

$88 / participant

Contract admin$54K100.0%

% of EOY assets

0.620%

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: MAYER HOFFMAN MCCANN PC
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,854

$37,196-35.9%

$154,114-84.5%

$55,725-57.2%

Participation rate

50.0%

64.1%-14.1pp

83.0%-33.0pp

70.9%-20.9pp

Annual return

9.10%

1319.68%-1310.6pp

735.16%-726.1pp

244.93%-235.8pp

Employer contribution / active EE

$291

$1,614-82.0%

$5,298-94.5%

$2,078-86.0%

Participant deferral / active EE

$1,149

$2,068-44.4%

$5,081-77.4%

$3,356-65.8%

Admin fee / account holder

$148

$102+45.5%

$13,411-98.9%

$115+28.3%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION3+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$37,916

BOSTON PRIVATE WEALTH LLC2 years

Service code 16 · EIN 47-1618476

Consulting

$20,036

HMEA RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HMEA RETIREMENT 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