Retirement plan

HIBU INC. 401(K) PROFIT SHARING PLAN TRUST

Name: HIBU INC. - HIBU INC. 401(K) PROFIT SHARING PLAN TRUST (2022) Form 5500
Creator: HIBU INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HIBU INC. 401(K) PROFIT SHARING PLAN TRUST, HIBU INC.

HIBU INC.EIN 20-0829862Plan #001PY 2022

221 3RD AVENUE SE, SUITE 300 - CEDAR RAPIDS, IA 52401319-790-3934hibu.comLinkedIn1001-5000 employeesmarketing and advertising

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$286.2M

-1.1% from 2016

Total participants

2,698

+16.3% from 2016

Average account balance

$110,461

-13.9% from 2016

Annual return

-18.23%

-6.44 pp from 2016

Benchmarks

See 900 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort900 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$352.04M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

2,487

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.

73.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.86M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+17.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$120

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 5 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	$161,462
STRATEGIC ADVISORS, INC.8+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$73,917
AMERICAN FUNDS8+ years Filed as: CAPITAL STRATEGIES INVESTMENT GROUP Service code 16 · EIN 26-4789150	Consulting	$55,000
THOMPSON HINE8+ years Service code 29 · EIN 34-0575300	Legal	$22,004
AMERICAN FUNDS1 year Filed as: CAPITAL INVESTMENT STRATEGIES GROUP Service code 16 ONE PARKVIEW PLAZA · OAKBROOK TERRACE, IL 60181	Consulting	$13,750

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

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

$326K

$256 / participant

Investment mgmt$74K22.7%
Other / not subdivided$252K77.3%

% of EOY assets

0.114%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,461

$95,388+15.8%

$125,401-11.9%

$77,906+41.8%

Participation rate

91.6%

78.6%+13.0pp

82.4%+9.2pp

73.7%+17.9pp

Annual return

-18.23%

116.19%-134.4pp

572.53%-590.8pp

12.16%-30.4pp

Employer contribution / active EE

$1,747

$3,666-52.3%

$4,816-63.7%

$2,846-38.6%

Participant deferral / active EE

$8,078

$7,711+4.8%

$7,448+8.5%

$4,805+68.1%

Admin fee / account holder

$126

$119+5.9%

$10,008-98.7%

$133-5.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

$161,462

STRATEGIC ADVISORS, INC.8+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$73,917

AMERICAN FUNDS8+ years

Filed as: CAPITAL STRATEGIES INVESTMENT GROUP

Service code 16 · EIN 26-4789150

Consulting

$55,000

THOMPSON HINE8+ years

Service code 29 · EIN 34-0575300

Legal

$22,004

AMERICAN FUNDS1 year

Filed as: CAPITAL INVESTMENT STRATEGIES GROUP

Service code 16

ONE PARKVIEW PLAZA · OAKBROOK TERRACE, IL 60181

Consulting

$13,750

HIBU INC. 401(K) PROFIT SHARING PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HIBU INC. 401(K) PROFIT SHARING PLAN TRUST

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