Retirement plan

HAMILTON NEWS CO., INC. EMPLOYEES RETIREMENT PLAN

Name: HAMILTON NEWS CO., INC. - HAMILTON NEWS CO., INC. EMPLOYEES RETIREMENT PLAN (2020) Form 5500
Creator: HAMILTON NEWS CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAMILTON NEWS CO., INC. EMPLOYEES RETIREMENT PLAN, HAMILTON NEWS CO., INC.

HAMILTON NEWS CO., INC.EIN 14-1457364Plan #003PY 2020

41 HAMILTON LANE - GLENMONT, NY 120774838518-463-1135LinkedIn1-10 employeeswholesale

Other plans on this EIN

1 filing

#004Retirement-$1.5M assets

Prospect flagsLow returnsLow participationLow employer contributionLow participant contributionRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$4M

+7.2% from 2019

Total participants

222

+15.0% from 2019

Average account balance

$37,461

-1.9% from 2019

Annual return

5.50%

+0.31 pp from 2019

Benchmarks

See 2,271 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,271 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.66M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

104

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.

46.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$234K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$303

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 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 49 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 01111	Other Services	$12,504
PETER E. SMITH5+ years Service code 16 · EIN 03-1369707 306 BLOOMFIELD AVENUE · WINDSOR, CT 06095	Consulting	$12,300
STRATEGIC PENSION SERVICES, LLC5+ years Filed as: STRATEGIC PENSION SERVICES LLC Service code 13 · EIN 14-1836262 376 ALBANY SHAKER ROAD · ALBANY, NY 12211	Contract Administrator	$6,171
STRATEGIC PENSION SERVICES, LLC5+ years Filed as: STRATEGIC PENSION SERVICE, LLC Service code 13	Contract Administrator	$3,054

Plan features & details

Pension benefit codes2E2G2J2K3H2F3D2T

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$19K

$94 / participant

Investment mgmt$19K100.0%

% of EOY assets

0.473%

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: TEAL, BECKER & CHIARAMONTE, CPAS PC
Auditor EIN: 141624930
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,461

$81,474-54.0%

$133,971-72.0%

$73,493-49.0%

Participation rate

42.0%

76.4%-34.4pp

79.8%-37.8pp

70.7%-28.7pp

Annual return

5.50%

19.40%-13.9pp

45.09%-39.6pp

28.51%-23.0pp

Employer contribution / active EE

$165

$2,209-92.5%

$3,919-95.8%

$2,270-92.7%

Participant deferral / active EE

$854

$3,786-77.4%

$5,047-83.1%

$3,740-77.2%

Admin fee / account holder

$177

$713-75.1%

$8,929-98.0%

$513-65.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 49 · EIN 04-1590850

1295 STATE STREET · SPRINGFIELD, MA 01111

Other Services

$12,504

PETER E. SMITH5+ years

Service code 16 · EIN 03-1369707

306 BLOOMFIELD AVENUE · WINDSOR, CT 06095

Consulting

$12,300

STRATEGIC PENSION SERVICES, LLC5+ years

Filed as: STRATEGIC PENSION SERVICES LLC

Service code 13 · EIN 14-1836262

376 ALBANY SHAKER ROAD · ALBANY, NY 12211

Contract Administrator

$6,171

STRATEGIC PENSION SERVICES, LLC5+ years

Filed as: STRATEGIC PENSION SERVICE, LLC

Service code 13

Contract Administrator

$3,054

HAMILTON NEWS CO., INC. EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAMILTON NEWS CO., INC. EMPLOYEES 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