Retirement plan

HINCKLEY, ALLEN & SNYDER LLP RETIREMENT SAVINGS PLAN

Name: HINCKLEY, ALLEN & SNYDER LLP - HINCKLEY, ALLEN & SNYDER LLP RETIREMENT SAVINGS PLAN (2015) Form 5500
Creator: HINCKLEY, ALLEN & SNYDER LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HINCKLEY, ALLEN & SNYDER LLP RETIREMENT SAVINGS PLAN, HINCKLEY, ALLEN & SNYDER LLP

HINCKLEY, ALLEN & SNYDER LLPEIN 05-0262309Plan #003PY 2015

100 WESTMINSTER STREET, SUITE 1500 - PROVIDENCE, RI 02903401-457-5170

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$94.6M

No prior year

Total participants

489

No prior year

Average account balance

$214,922

No prior year

Annual return

0.29%

No prior year

Benchmarks

See 2,331 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,331 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$177.55M

Not enough data

1 years with asset history on file

Average account balance

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

$419K

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.

424

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.

78.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+13.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$194

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
MERIDIEN FINANCIAL GROUP, INC.1+ years Service code 15 · EIN 05-0390540	Recordkeeping	$65,501
ADP BROKER-DEALER1+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$32,227
ADP BROKER-DEALER1+ years Service code 49 · EIN 22-3319984	Other Services	$2,508
DEAWM TRUST COMPANY1+ years Service code 99	Other Fees	$1,750
DEAM DISTRIBUTORS, INC.1+ years Filed as: DEAWM DISTRIBUTORS, INC. Service code 63 · EIN 36-3976708	12b-1 Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$138K

$420 / participant

Other / not subdivided$138K100.0%

% of EOY assets

0.146%

all-in expense ratio

Categories reported

0 / 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: BATCHELOR FRECHETTE MCCRORY & ML
Auditor EIN: 050487888
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$214,922

$88,324+143.3%

$115,038+86.8%

$55,191+289.4%

Participation rate

85.1%

72.5%+12.6pp

81.4%+3.7pp

69.2%+15.9pp

Annual return

0.29%

6.30%-6.0pp

26.14%-25.8pp

10.78%-10.5pp

Employer contribution / active EE

$8,515

$2,805+203.6%

$4,608+84.8%

$1,899+348.5%

Participant deferral / active EE

$7,493

$5,042+48.6%

$6,026+24.3%

$3,046+146.0%

Admin fee / account holder

$314

$105+197.9%

$8,175-96.2%

$91+245.8%

Provider

Service type

Compensation

MERIDIEN FINANCIAL GROUP, INC.1+ years

Service code 15 · EIN 05-0390540

Recordkeeping

$65,501

ADP BROKER-DEALER1+ years

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$32,227

ADP BROKER-DEALER1+ years

Service code 49 · EIN 22-3319984

Other Services

$2,508

DEAWM TRUST COMPANY1+ years

Service code 99

Other Fees

$1,750

DEAM DISTRIBUTORS, INC.1+ years

Filed as: DEAWM DISTRIBUTORS, INC.

Service code 63 · EIN 36-3976708

12b-1 Fees

HINCKLEY, ALLEN & SNYDER LLP RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HINCKLEY, ALLEN & SNYDER LLP RETIREMENT SAVINGS 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