Retirement plan

HOOPER, HATHAWAY, PRICE, BEUCHE & WALLACE PC EMPLOYEE RETIREMENT BENEFIT PLAN

Name: HOOPER HATHAWAY, P.C. - HOOPER, HATHAWAY, PRICE, BEUCHE & WALLACE PC EMPLOYEE RETIREMENT BENEFIT PLAN (2024) Form 5500
Creator: HOOPER HATHAWAY, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOOPER, HATHAWAY, PRICE, BEUCHE & WALLACE PC EMPLOYEE RETIREMENT BENEFIT PLAN, HOOPER HATHAWAY, P.C.

HOOPER HATHAWAY, P.C.EIN 20-3647226Plan #001PY 2024

126 S MAIN ST. - ANN ARBOR, MI 481041903734-662-4426LinkedIn11-50 employeeslegal services

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$8.2M

+8.5% from 2023

Total participants

0.0% from 2023

Average account balance

$479,512

+27.7% from 2023

Annual return

12.02%

-3.99 pp from 2023

Benchmarks

See 143,415 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,415 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.15M

Not enough data

1 years with asset history on file

Average account balance

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

$480K

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.

89.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$437K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+12.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$41112

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2R2T

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.
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

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.

Expense breakdown

Schedule H Part II

Admin total

$699K

$36784 / participant

Other / not subdivided$699K100.0%

% of EOY assets

8.574%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$479,512

$160,070+199.6%

$147,117+225.9%

$145,897+228.7%

Participation rate

78.9%

84.0%-5.1pp

82.2%-3.2pp

80.3%-1.4pp

Annual return

12.02%

98.69%-86.7pp

420.54%-408.5pp

552.29%-540.3pp

Employer contribution / active EE

$17,358

$5,285+228.5%

$4,932+251.9%

$4,663+272.3%

Participant deferral / active EE

$5,663

$8,419-32.7%

$8,065-29.8%

$6,689-15.3%

Admin fee / account holder

$41,112

$15,035+173.4%

$12,993+216.4%

$13,390+207.0%

HOOPER, HATHAWAY, PRICE, BEUCHE & WALLACE PC EMPLOYEE RETIREMENT BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOOPER, HATHAWAY, PRICE, BEUCHE & WALLACE PC EMPLOYEE RETIREMENT BENEFIT 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