Retirement plan

HCW MANAGEMENT CONSULTANTS, LLC 401(K) PROFIT SHARING PLAN

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

HCW MANAGEMENT CONSULTANTS, LLCEIN 20-5776415Plan #001PY 2022

121 S. PAYNE STEWART DR. - BRANSON, MO 65616417-332-3438

Prospect flagsLow participationLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$1.5M

+9.9% from 2021

Total participants

159

0.0% from 2021

Average account balance

$15,449

+9.9% from 2021

Annual return

-19.17%

-19.17 pp from 2021

Benchmarks

See 4,973 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort4,973 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.69M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

123

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.

34.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$688K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+34.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$236

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
EDWARD JONES2+ years Service code 27 12555 MANCHESTER RD · ST. LOUIS, MO 63131	Advisory (Plan)	$656,613
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RET PLAN SERVICES Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$10,023
DEFINITI LLC1 year Filed as: DEFINITI, LLC Service code 13 3 HOLLAND ST · ERIE, PA 16507	Contract Administrator	$1,123

Plan features & details

Pension benefit codes2E2J2K2F2G3D3B2T

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$16K

$181 / participant

Investment mgmt$16K94.5%
Contract admin$9005.5%

% of EOY assets

1.075%

all-in expense ratio

Categories reported

2 / 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: NOVAK BIRKS, PC
Auditor EIN: 431122456
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,449

$27,632-44.1%

$61,452-74.9%

$68,486-77.4%

Participation rate

34.1%

39.5%-5.4pp

52.6%-18.5pp

67.9%-33.8pp

Annual return

-19.17%

-13.24%-5.9pp

338.96%-358.1pp

-7.85%-11.3pp

Employer contribution / active EE

$1,899

$696+172.9%

$1,160+63.7%

$2,597-26.9%

Participant deferral / active EE

$3,204

$1,264+153.6%

$2,125+50.8%

$4,028-20.4%

Admin fee / account holder

$166

$2,010-91.7%

$2,131-92.2%

$5,404-96.9%

Provider

Service type

Compensation

EDWARD JONES2+ years

Service code 27

12555 MANCHESTER RD · ST. LOUIS, MO 63131

Advisory (Plan)

$656,613

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RET PLAN SERVICES

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$10,023

DEFINITI LLC1 year

Filed as: DEFINITI, LLC

Service code 13

3 HOLLAND ST · ERIE, PA 16507

Contract Administrator

$1,123

HCW MANAGEMENT CONSULTANTS, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HCW MANAGEMENT CONSULTANTS, LLC 401(K) PROFIT SHARING 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