Retirement plan

HINMAN, HOWARD & KATTELL, LLP PROFIT SHARING PLAN AND TRUST NO. 2

Name: HINMAN, HOWARD & KATTELL, LLP - HINMAN, HOWARD & KATTELL, LLP PROFIT SHARING PLAN AND TRUST NO. 2 (2016) Form 5500
Creator: HINMAN, HOWARD & KATTELL, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HINMAN, HOWARD & KATTELL, LLP PROFIT SHARING PLAN AND TRUST NO. 2, HINMAN, HOWARD & KATTELL, LLP

HINMAN, HOWARD & KATTELL, LLPEIN 15-0561878Plan #001PY 2016

80 EXCHANGE STREET - BINGHAMTON, NY 13901607-723-5341hhk.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#002Retirement-$28.7M assets

Prospect flagsHigh retiree %High feesHigh assets / participant

How to read this page

Total assets (EOY)

$28.7M

+11.1% from 2015

Total participants

-10.0% from 2015

Average account balance

$3,186,510

+23.5% from 2015

Annual return

8.63%

+10.33 pp from 2015

Benchmarks

See 113,086 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort113,086 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$50.32M

Not enough data

1 years with asset history on file

Average account balance

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

$10.1M

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1M

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

+14.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21393

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 8 by compensation

Provider	Service type	Compensation
JOHN G. ULLMAN & ASSOCIATES, INC.1 year Service code 51 · EIN 55-0846628 51 E MARKET STREET · CORNING, NY 14830	Investment Mgmt Fees	$19,223
FEDERATED2+ years Filed as: FEDERATED CLOVER INVESTMENT ADVISOR Service code 51 · EIN 16-1263400 400 MERIDIAN CENTRE BLVD 200 · ROCHESTER, NY 14618	Investment Mgmt Fees	$17,475
TRG CAPITAL MANAGEMENT1 year Service code 51 · EIN 26-1985157 520 COLUMBIA DRIVE · JOHNSON CITY, NY 13790	Investment Mgmt Fees	$11,847
NFP RETIREMENT INC2+ years Filed as: NFP ADVISOR SERVICES Service code 14 1405 DAVIS AVENUE · ENDWELL, NY 13760	Plan Administrator	$6,619
NBT BANCORP NA1 year Filed as: NBT BANK Service code 51 · EIN 15-0395735 3121 VESTAL PARKWAY EAST · VESTAL, NY 13850	Investment Mgmt Fees	$6,179
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Filed as: FIDELITY INVESTMENTS Service code 53 900 SALEM STREET · SMITHFIELD, RI 02917	Insurance Commissions	$4,145
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES, LLC Service code 51 · EIN 35-2552359 5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735	Investment Mgmt Fees	$3,456
NEWPORT GROUP, INC.2+ years Filed as: NEWPORT RETIREMENT SERVICES Service code 64 · EIN 62-1868111 13925 BALLANTYNE CORPORATE PLACE · CHARLOTTE, NC 28277	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$68K

$11328 / participant

Investment mgmt$67K98.7%
Other / not subdivided$8901.3%

% of EOY assets

0.237%

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: PIAKER & LYONS, P.C.
Auditor EIN: 161152552
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$3,186,510

$135,956+2243.8%

$123,894+2472.0%

$273,972+1063.1%

Participation rate

100.0%

84.1%+15.9pp

81.4%+18.6pp

83.0%+17.0pp

Annual return

8.63%

56.63%-48.0pp

47.52%-38.9pp

41.46%-32.8pp

Employer contribution / active EE

$39,861

$5,170+671.0%

$4,617+763.4%

$4,869+718.7%

Participant deferral / active EE

$91,740

$6,343+1346.4%

$5,984+1433.0%

$5,287+1635.1%

Admin fee / account holder

$7,552

$9,817-23.1%

$8,357-9.6%

$10,133-25.5%

Provider

Service type

Compensation

JOHN G. ULLMAN & ASSOCIATES, INC.1 year

Service code 51 · EIN 55-0846628

51 E MARKET STREET · CORNING, NY 14830

Investment Mgmt Fees

$19,223

FEDERATED2+ years

Filed as: FEDERATED CLOVER INVESTMENT ADVISOR

Service code 51 · EIN 16-1263400

400 MERIDIAN CENTRE BLVD 200 · ROCHESTER, NY 14618

Investment Mgmt Fees

$17,475

TRG CAPITAL MANAGEMENT1 year

Service code 51 · EIN 26-1985157

520 COLUMBIA DRIVE · JOHNSON CITY, NY 13790

Investment Mgmt Fees

$11,847

NFP RETIREMENT INC2+ years

Filed as: NFP ADVISOR SERVICES

Service code 14

1405 DAVIS AVENUE · ENDWELL, NY 13760

Plan Administrator

$6,619

NBT BANCORP NA1 year

Filed as: NBT BANK

Service code 51 · EIN 15-0395735

3121 VESTAL PARKWAY EAST · VESTAL, NY 13850

Investment Mgmt Fees

$6,179

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Filed as: FIDELITY INVESTMENTS

Service code 53

900 SALEM STREET · SMITHFIELD, RI 02917

Insurance Commissions

$4,145

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES, LLC

Service code 51 · EIN 35-2552359

5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735

Investment Mgmt Fees

$3,456

NEWPORT GROUP, INC.2+ years

Filed as: NEWPORT RETIREMENT SERVICES

Service code 64 · EIN 62-1868111

13925 BALLANTYNE CORPORATE PLACE · CHARLOTTE, NC 28277

Recordkeeping Fees

HINMAN, HOWARD & KATTELL, LLP PROFIT SHARING PLAN AND TRUST NO. 2

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HINMAN, HOWARD & KATTELL, LLP PROFIT SHARING PLAN AND TRUST NO. 2

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