Retirement plan

HAMMOND, KENNEDY, WHITNEY 401(K) RETIREMENT PLAN

Name: HAMMOND, KENNEDY, WHITNEY & COMPANY, INC. - HAMMOND, KENNEDY, WHITNEY 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: HAMMOND, KENNEDY, WHITNEY & COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAMMOND, KENNEDY, WHITNEY 401(K) RETIREMENT PLAN, HAMMOND, KENNEDY, WHITNEY & COMPANY, INC.

HAMMOND, KENNEDY, WHITNEY & COMPANY, INC.EIN 13-1769063Plan #001PY 2020

8888 KEYSTONE CROSSING, SUITE 600 - INDIANAPOLIS, IN 46240317-574-6900

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.3M

+21.9% from 2019

Total participants

0.0% from 2019

Average account balance

$241,330

+17.2% from 2019

Annual return

17.28%

-2.46 pp from 2019

Benchmarks

See 32,151 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort32,151 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.35M

Not enough data

1 years with asset history on file

Average account balance

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

$254K

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.

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.

312.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$251K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

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

+14.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$53903

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.
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.

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

$321K

$13361 / participant

Other / not subdivided$321K100.0%

% of EOY assets

5.110%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$241,330

$197,625+22.1%

$177,840+35.7%

$158,966+51.8%

Participation rate

95.8%

88.5%+7.3pp

87.7%+8.1pp

82.0%+13.9pp

Annual return

17.28%

58.76%-41.5pp

48.32%-31.0pp

302.95%-285.7pp

Employer contribution / active EE

$5,544

$6,698-17.2%

$5,919-6.3%

$4,762+16.4%

Participant deferral / active EE

$17,340

$8,405+106.3%

$7,714+124.8%

$5,983+189.8%

Admin fee / account holder

$12,333

$15,405-19.9%

$12,431-0.8%

$11,250+9.6%

HAMMOND, KENNEDY, WHITNEY 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAMMOND, KENNEDY, WHITNEY 401(K) 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