Retirement plan

HINMAN, HOWARD & KATTELL, LLP PROFIT SHARING PLAN AND TRUST NO. 1

Name: HINMAN, HOWARD & KATTELL, LLP - HINMAN, HOWARD & KATTELL, LLP PROFIT SHARING PLAN AND TRUST NO. 1 (2017) 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. 1, HINMAN, HOWARD & KATTELL, LLP

HINMAN, HOWARD & KATTELL, LLPEIN 15-0561878Plan #002PY 2017

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

Other plans on this EIN

1 filing

#001Retirement-$31.2M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$31.2M

+8.6% from 2016

Total participants

164

-1.8% from 2016

Average account balance

No prior year

Annual return

12.45%

+3.82 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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)

$247K

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.

204

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

$10K

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)

$524

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 7 by compensation

Provider	Service type	Compensation
JOHN G. ULLMAN & ASSOCIATES, INC.3+ years Service code 51 · EIN 55-0846628 51 E MARKET STREET · CORNING, NY 14830	Investment Mgmt Fees	$20,839
FEDERATED3+ years Filed as: FEDERATED CLOVER INVESTMENT ADVISOR Service code 51 · EIN 16-1263400 400 MERIDIAN CENTRE BLVD 200 · ROCHESTER, NY 14618	Investment Mgmt Fees	$19,227
KESTRA INVESTMENT SERVICES LLC2 years Filed as: KESTRA ADVISORY SERVICES, LLC Service code 51 · EIN 35-2552359 5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735	Investment Mgmt Fees	$10,195
TRG CAPITAL MANAGEMENT3+ years Service code 51 · EIN 26-1985157 520 COLUMBIA DRIVE · JOHNSON CITY, NY 13790	Investment Mgmt Fees	$9,888
NBT BANCORP NA3+ years Filed as: NBT BANK Service code 51 · EIN 15-0395735 3121 VESTAL PARKWAY EAST · VESTAL, NY 13850	Investment Mgmt Fees	$9,199
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Filed as: FIDELITY INVESTMENTS Service code 53 900 SALEM STREET · SMITHFIELD, RI 02917	Insurance Commissions	$634
NFP RETIREMENT INC3+ years Filed as: NFP ADVISOR SERVICES LLC Service code 14 1405 DAVIS AVENUE · ENDWELL, NY 13760	Plan Administrator	$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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$71K

$578 / participant

Investment mgmt$70K98.5%
Other / not subdivided$1K1.5%

% of EOY assets

0.228%

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

$80,753-100.0%

$136,298-100.0%

$62,293-100.0%

Participation rate

0.0%

73.5%-73.5pp

81.9%-81.9pp

69.5%-69.5pp

Annual return

12.45%

35.83%-23.4pp

5156.27%-5143.8pp

28.90%-16.4pp

Employer contribution / active EE

$2,369

$2,884-17.8%

$4,696-49.5%

$2,042+16.0%

Participant deferral / active EE

$4,694

$5,164-9.1%

$6,247-24.9%

$3,169+48.1%

Admin fee / account holder

$525-100.0%

$9,244-100.0%

$479-100.0%

Provider

Service type

Compensation

JOHN G. ULLMAN & ASSOCIATES, INC.3+ years

Service code 51 · EIN 55-0846628

51 E MARKET STREET · CORNING, NY 14830

Investment Mgmt Fees

$20,839

FEDERATED3+ years

Filed as: FEDERATED CLOVER INVESTMENT ADVISOR

Service code 51 · EIN 16-1263400

400 MERIDIAN CENTRE BLVD 200 · ROCHESTER, NY 14618

Investment Mgmt Fees

$19,227

KESTRA INVESTMENT SERVICES LLC2 years

Filed as: KESTRA ADVISORY SERVICES, LLC

Service code 51 · EIN 35-2552359

5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735

Investment Mgmt Fees

$10,195

TRG CAPITAL MANAGEMENT3+ years

Service code 51 · EIN 26-1985157

520 COLUMBIA DRIVE · JOHNSON CITY, NY 13790

Investment Mgmt Fees

$9,888

NBT BANCORP NA3+ years

Filed as: NBT BANK

Service code 51 · EIN 15-0395735

3121 VESTAL PARKWAY EAST · VESTAL, NY 13850

Investment Mgmt Fees

$9,199

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Filed as: FIDELITY INVESTMENTS

Service code 53

900 SALEM STREET · SMITHFIELD, RI 02917

Insurance Commissions

$634

NFP RETIREMENT INC3+ years

Filed as: NFP ADVISOR SERVICES LLC

Service code 14

1405 DAVIS AVENUE · ENDWELL, NY 13760

Plan Administrator

HINMAN, HOWARD & KATTELL, LLP PROFIT SHARING PLAN AND TRUST NO. 1

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. 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