Retirement plan

HITN 401(K) PLAN

Name: HISPANIC INFORMATION & TELECOMMUNICATIONS NETWORK - HITN 401(K) PLAN (2016) Form 5500
Creator: HISPANIC INFORMATION & TELECOMMUNICATIONS NETWORK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HITN 401(K) PLAN, HISPANIC INFORMATION & TELECOMMUNICATIONS NETWORK

HISPANIC INFORMATION & TELECOMMUNICATIONS NETWORKEIN 13-3112110Plan #001PY 2016

63 FLUSHING AVENUE, UNIT 281 - BROOKLYN, NY 11205646-731-3632hitn.orgLinkedIn11-50 employeesbroadcast media

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed December 21, 2015

Plan administrator

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63 Flushing Ave, Building 292, Suite 211

Brooklyn State: NY Zip Code: 11205

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Plans declared (1)

Plan name not on file3 emp

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Total assets (EOY)

$1.8M

+54.9% from 2015

Total participants

+5.5% from 2015

Average account balance

$33,840

+34.1% from 2015

Annual return

9.79%

+10.46 pp from 2015

Benchmarks

See 2,876 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort2,876 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.40M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

94.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$595K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6738

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

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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 codes2F2G2J2T3D3F

Plan features

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

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

$38K

$974 / participant

Other / not subdivided$38K100.0%

% of EOY assets

2.160%

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

$33,840

$56,287-39.9%

$80,977-58.2%

$62,881-46.2%

Participation rate

84.6%

68.9%+15.7pp

75.8%+8.8pp

69.3%+15.3pp

Annual return

9.79%

22.13%-12.3pp

17.11%-7.3pp

20.14%-10.4pp

Employer contribution / active EE

$5,124

$1,943+163.7%

$3,715+37.9%

$2,281+124.6%

Participant deferral / active EE

$8,917

$4,196+112.5%

$5,696+56.5%

$3,203+178.4%

Admin fee / account holder

$731

$3,742-80.5%

$5,517-86.8%

$4,296-83.0%

HITN 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HITN 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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