Retirement plan

HAHN LOESER & PARKS LLP 401K PL

Name: HAHN LOESER & PARKS LLP - HAHN LOESER & PARKS LLP 401K PL (2017) Form 5500
Creator: HAHN LOESER & PARKS LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAHN LOESER & PARKS LLP 401K PL, HAHN LOESER & PARKS LLP

HAHN LOESER & PARKS LLPEIN 34-0410308Plan #002PY 2017

200 PUBLIC SQUARE STE 2800 - CLEVELAND, OH 441142316216-621-0150hahnlaw.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

4 filings

#001Retirement-$41.9M assets #004Retirement-$8.0M assets #005Retirement-$942K assets #006Retirement-$727K assets

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$33.8M

+13.3% from 2016

Total participants

297

-6.3% from 2016

Average account balance

$120,281

+14.5% from 2016

Annual return

19.57%

+10.21 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.34M

Not enough data

1 years with asset history on file

Average account balance

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

$169K

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.

363

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+21.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$266

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

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 codes2F2G2T3D2E2J2R

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$4K

$20 / participant

Contract admin$4K100.0%

% of EOY assets

0.013%

all-in expense ratio

Categories reported

1 / 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: PLANTE MORAN
Auditor EIN: 131357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$120,281

$80,753+48.9%

$136,298-11.8%

$62,293+93.1%

Participation rate

92.8%

73.5%+19.3pp

81.9%+10.9pp

69.5%+23.3pp

Annual return

19.57%

35.83%-16.3pp

5156.27%-5136.7pp

28.90%-9.3pp

Employer contribution / active EE

$88

$2,884-97.0%

$4,696-98.1%

$2,042-95.7%

Participant deferral / active EE

$8,396

$5,164+62.6%

$6,247+34.4%

$3,169+164.9%

Admin fee / account holder

$15

$525-97.1%

$9,244-99.8%

$479-96.8%

HAHN LOESER & PARKS LLP 401K PL

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAHN LOESER & PARKS LLP 401K PL

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