Retirement plan

HUGHES HUBBARD & REED ASSOCIATES' SECTION 401(K) PLAN

Name: HUGHES HUBBARD & REED LLP - HUGHES HUBBARD & REED ASSOCIATES' SECTION 401(K) PLAN (2016) Form 5500
Creator: HUGHES HUBBARD & REED LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUGHES HUBBARD & REED ASSOCIATES' SECTION 401(K) PLAN, HUGHES HUBBARD & REED LLP

HUGHES HUBBARD & REED LLPEIN 13-5605391Plan #004PY 2016

ONE BATTERY PARK PLAZA - NEW YORK, NY 100041482212-837-6310hugheshubbard.comLinkedIn501-1000 employeeslaw practice

Other plans on this EIN

4 filings

#002Retirement-$184.5M assets #006Retirement-$60.2M assets #001Retirement-$8.7M assets #007Retirement-$7.4M assets

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$27.9M

-8.7% from 2016

Total participants

404

+0.2% from 2016

Average account balance

$76,352

-8.7% from 2016

Annual return

6.20%

-9.80 pp from 2016

Benchmarks

See 5,032 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,032 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$43.21M

Not enough data

1 years with asset history on file

Average account balance

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

$147K

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.

294

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.

92.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+14.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$243

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 2 by compensation

Provider	Service type	Compensation
PRICEWATERHOUSECOOPERS LLP2+ years Service code 50 · EIN 13-4008324	Direct Payment	$19,373
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 91-1347393	Recordkeeping	$17,233

Plan features & details

Pension benefit codes2F2G2J2R2S2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$37K

$162 / participant

Other / not subdivided$37K100.0%

% of EOY assets

0.131%

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: MAZARS USA LLP
Auditor EIN: 131459550
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,352

$75,183+1.6%

$123,894-38.4%

$55,167+38.4%

Participation rate

83.2%

72.8%+10.4pp

81.4%+1.8pp

69.0%+14.2pp

Annual return

6.20%

19.01%-12.8pp

47.52%-41.3pp

169.23%-163.0pp

Employer contribution / active EE

$2,823-100.0%

$4,617-100.0%

$1,963-100.0%

Participant deferral / active EE

$10,851

$5,084+113.4%

$5,984+81.3%

$3,054+255.3%

Admin fee / account holder

$100

$663-84.9%

$8,357-98.8%

$504-80.2%

Provider

Service type

Compensation

PRICEWATERHOUSECOOPERS LLP2+ years

Service code 50 · EIN 13-4008324

Direct Payment

$19,373

WELLS FARGO BANK, N.A.2+ years

Service code 15 · EIN 91-1347393

Recordkeeping

$17,233

HUGHES HUBBARD & REED ASSOCIATES' SECTION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUGHES HUBBARD & REED ASSOCIATES' SECTION 401(K) 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