Retirement plan

HAHN LOESER & PARKS LLP 401(K) PLAN

Name: HAHN LOESER & PARKS LLP - HAHN LOESER & PARKS LLP 401(K) PLAN (2020) Form 5500
Creator: HAHN LOESER & PARKS LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAHN LOESER & PARKS LLP 401(K) PLAN, HAHN LOESER & PARKS LLP

HAHN LOESER & PARKS LLPEIN 34-0410308Plan #002PY 2020

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

Other plans on this EIN

2 filings

#005Retirement-$29.5M assets #006Retirement-$18.4M assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$45.2M

+22.0% from 2019

Total participants

330

-0.9% from 2019

Average account balance

$142,643

+21.2% from 2019

Annual return

17.92%

-4.83 pp from 2019

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

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

Top 2 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK RETIREMENT PLAN SRVCS Service code 15 · EIN 01-0233346	Recordkeeping	$41,559
UBS FINANCIAL SERVICES INC3 years Filed as: UBS FINANCIAL SERVICE INC. Service code 70 · EIN 13-2638166 1285 AVENUE OF THE AMERICAS · NEW YORK, NY 10019	Consulting Fees	$35,438

Plan features & details

Pension benefit codes2F2G2T3D2E2J2R2S3B

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$77K

$289 / participant

Investment mgmt$37K47.6%
Contract admin$40K52.4%

% of EOY assets

0.170%

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: PLANTE MORAN
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$142,643

$100,801+41.5%

$149,730-4.7%

$73,412+94.3%

Participation rate

95.1%

77.7%+17.4pp

82.5%+12.6pp

72.2%+22.9pp

Annual return

17.92%

265.34%-247.4pp

276.70%-258.8pp

59.30%-41.4pp

Employer contribution / active EE

$100

$3,312-97.0%

$4,645-97.8%

$2,234-95.5%

Participant deferral / active EE

$9,054

$6,404+41.4%

$6,843+32.3%

$3,806+137.9%

Admin fee / account holder

$243

$181+34.3%

$9,310-97.4%

$158+53.8%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK RETIREMENT PLAN SRVCS

Service code 15 · EIN 01-0233346

Recordkeeping

$41,559

UBS FINANCIAL SERVICES INC3 years

Filed as: UBS FINANCIAL SERVICE INC.

Service code 70 · EIN 13-2638166

1285 AVENUE OF THE AMERICAS · NEW YORK, NY 10019

Consulting Fees

$35,438

HAHN LOESER & PARKS LLP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAHN LOESER & PARKS LLP 401(K) 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