Retirement plan

ALL-AMERICAN HEARING EMPLOYEE RETIREMENT PLAN

Name: NORTHLAND HEARING CENTERS, INC. - ALL-AMERICAN HEARING EMPLOYEE RETIREMENT PLAN (2016) Form 5500
Creator: NORTHLAND HEARING CENTERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALL-AMERICAN HEARING EMPLOYEE RETIREMENT PLAN, NORTHLAND HEARING CENTERS, INC.

NORTHLAND HEARING CENTERS, INC.EIN 20-4914238Plan #001PY 2016

6425 FLYING CLOUD DR. - EDEN PRAIRIE, MN 55344503-659-5115LinkedIn501-1000 employeesmedical practice

Prospect flagsLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$8.3M

+42.7% from 2015

Total participants

589

+19.0% from 2015

Average account balance

$15,311

+4.7% from 2015

Annual return

24.26%

+27.27 pp from 2015

Benchmarks

See 1,184 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,184 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.72M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

799

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$132

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 3 by compensation

Provider	Service type	Compensation
STADION MONEY MANAGEMENT2+ years Filed as: STADION MONEY MANAGEMENT, INC. Service code 51 · EIN 58-2099805	Investment Mgmt Fees	$24,063
PREMIER RETIREMENT SERVICES, INC.2+ years Filed as: PREMIER RETIREMENT SERVICES Service code 50 · EIN 93-1327877 25195 SW PARKWAY AVENUE · WILSONVILLE, OR 97070	Direct Payment	$15,476
THE GUARDIAN INSURANCE & ANNUITY CO2+ years Service code 62 · EIN 13-2656036 3900 BURGESS PLACE · THREE SOUTH BETHLEHEM, PA 18017	Recordkeeping fees; Float revenue	$574

Plan features & details

Pension benefit codes2E2J2F2G3D

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.
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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$37K

$69 / participant

Other / not subdivided$37K100.0%

% of EOY assets

0.440%

all-in expense ratio

Categories reported

0 / 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: RSM US, LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,311

$37,044-58.7%

$71,796-78.7%

$57,658-73.4%

Participation rate

91.8%

61.1%+30.6pp

69.1%+22.6pp

70.2%+21.5pp

Annual return

24.26%

12.64%+11.6pp

78.04%-53.8pp

5.13%+19.1pp

Employer contribution / active EE

$203

$720-71.8%

$1,924-89.4%

$1,974-89.7%

Participant deferral / active EE

$3,450

$1,974+74.8%

$2,794+23.5%

$3,061+12.7%

Admin fee / account holder

$67

$101-33.2%

$4,815-98.6%

$95-28.7%

Provider

Service type

Compensation

STADION MONEY MANAGEMENT2+ years

Filed as: STADION MONEY MANAGEMENT, INC.

Service code 51 · EIN 58-2099805

Investment Mgmt Fees

$24,063

PREMIER RETIREMENT SERVICES, INC.2+ years

Filed as: PREMIER RETIREMENT SERVICES

Service code 50 · EIN 93-1327877

25195 SW PARKWAY AVENUE · WILSONVILLE, OR 97070

Direct Payment

$15,476

THE GUARDIAN INSURANCE & ANNUITY CO2+ years

Service code 62 · EIN 13-2656036

3900 BURGESS PLACE · THREE SOUTH BETHLEHEM, PA 18017

Recordkeeping fees; Float revenue

$574

ALL-AMERICAN HEARING EMPLOYEE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALL-AMERICAN HEARING EMPLOYEE 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