Retirement plan

HNI RISK SERVICES, LLC. 401(K) SAVINGS PLAN & TRUST

Name: ACRISURE, LLC - HNI RISK SERVICES, LLC. 401(K) SAVINGS PLAN & TRUST (2021) Form 5500
Creator: ACRISURE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HNI RISK SERVICES, LLC. 401(K) SAVINGS PLAN & TRUST, ACRISURE, LLC

ACRISURE, LLCEIN 26-3554645Plan #001PY 2021

100 OTTAWA AVE SW - GRAND RAPIDS, MI 49503262-782-3940acrisure.comLinkedIn10001+ employeesfinancial services

Other plans on this EIN

3 filings

#025Retirement-$650.3M assets #016Retirement-$6.0M assets #028Retirement-$4.9M assets

Prospect flagsHigh feesHigh assets / participantRecently reached 100 employees

How to read this page

Total assets (EOY)

$48.4M

+4833.7% from 2016

Total participants

155

+341.7% from 2016

Average account balance

$316,166

+1038.6% from 2016

Annual return

17.14%

+96.77 pp from 2016

Benchmarks

See 2,179 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,179 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-83.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 COMPANY · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$78,130
WOODBURY FINANCIAL SERVICES1 year Filed as: WOODBURY FINANCIAL SERVICES INC. Service code 55	Other Commissions	$71,638
BLUE CHIP RETIREMENT PLANS, INC.1 year Service code 99 6737 W WASHINGTON STREET · MILWAUKEE, WI 53214	Other Fees	$10,850
SIKICH LLP1 year Service code 10 13400 BISHOP'S LANE STE 300 · BROOKFIELD, WI 53005	Accounting	$9,300
WOODBURY FINANCIAL SERVICES1 year Filed as: WOODBURY FINANCIAL SERVICES, Service code 55 INC. · CYPRESS, CA 90630	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$89K

$725 / participant

Contract admin$89K100.0%

% of EOY assets

0.183%

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: SIKICH LLP
Auditor EIN: 363168081
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$316,166

$121,341+160.6%

$189,534+66.8%

$79,395+298.2%

Participation rate

98.4%

86.1%+12.3pp

87.8%+10.6pp

70.7%+27.6pp

Annual return

17.14%

21.08%-3.9pp

555.39%-538.2pp

116.90%-99.8pp

Employer contribution / active EE

$1,920

$3,915-51.0%

$6,162-68.8%

$2,428-20.9%

Participant deferral / active EE

$9,710

$6,395+51.8%

$8,220+18.1%

$4,046+140.0%

Admin fee / account holder

$578

$651-11.2%

$12,049-95.2%

$626-7.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64

COMPANY · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$78,130

WOODBURY FINANCIAL SERVICES1 year

Filed as: WOODBURY FINANCIAL SERVICES INC.

Service code 55

Other Commissions

$71,638

BLUE CHIP RETIREMENT PLANS, INC.1 year

Service code 99

6737 W WASHINGTON STREET · MILWAUKEE, WI 53214

Other Fees

$10,850

SIKICH LLP1 year

Service code 10

13400 BISHOP'S LANE STE 300 · BROOKFIELD, WI 53005

Accounting

$9,300

WOODBURY FINANCIAL SERVICES1 year

Filed as: WOODBURY FINANCIAL SERVICES,

Service code 55

INC. · CYPRESS, CA 90630

Other Commissions

HNI RISK SERVICES, LLC. 401(K) SAVINGS PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HNI RISK SERVICES, LLC. 401(K) SAVINGS 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