Retirement plan

THE HANNON COMPANY 401K PROFIT SHARING PLAN

Name: THE HANNON COMPANY - THE HANNON COMPANY 401K PROFIT SHARING PLAN (2016) Form 5500
Creator: THE HANNON COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HANNON COMPANY 401K PROFIT SHARING PLAN, THE HANNON COMPANY

THE HANNON COMPANYEIN 34-0671835Plan #001PY 2016

1605 WAYNESBURG DRIVE, S.E. - CANTON, OH 447072137330-456-4728hannonelectric.comLinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$13M

-4.2% from 2015

Total participants

148

-6.9% from 2015

Average account balance

$93,397

+3.3% from 2015

Annual return

14.58%

+16.19 pp from 2015

Benchmarks

See 1,686 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,686 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.16M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

153

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.

95.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$766K

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

+10.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$344

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 5 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY Service code 27 · EIN 26-4310632	Advisory (Plan)	$31,743
HALL KISTLER2+ years Filed as: HALL KISTLER & COMPANY, INC. Service code 10 · EIN 34-0715770 220 MARKET AVENUE SOUTH · CANTON, OH 44702	Accounting	$11,145
NEWPORT GROUP, INC.1 year Filed as: NEWPORT Service code 13 · EIN 94-3106735	Contract Administrator	$5,938
CBIZ RETIREMENT PLAN SERVICES2+ years Service code 13 · EIN 31-1498244 13680 CLEVELAND AVENUE · UNIONTOWN, OH 44685	Contract Administrator	$0
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB Service code 19 · EIN 94-1737782	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$48K

$410 / participant

Contract admin$48K100.0%

% of EOY assets

0.369%

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: HALL, KISTLER & COMPANY LLP
Auditor EIN: 340715770
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,397

$43,423+115.1%

$78,676+18.7%

$55,167+69.3%

Participation rate

92.3%

68.0%+24.3pp

73.6%+18.7pp

69.0%+23.3pp

Annual return

14.58%

11.53%+3.1pp

62.19%-47.6pp

169.23%-154.6pp

Employer contribution / active EE

$1,496

$1,997-25.1%

$2,850-47.5%

$1,963-23.8%

Participant deferral / active EE

$2,229

$2,509-11.1%

$3,517-36.6%

$3,054-27.0%

Admin fee / account holder

$345

$416-17.1%

$4,510-92.4%

$504-31.6%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 26-4310632

Advisory (Plan)

$31,743

HALL KISTLER2+ years

Filed as: HALL KISTLER & COMPANY, INC.

Service code 10 · EIN 34-0715770

220 MARKET AVENUE SOUTH · CANTON, OH 44702

Accounting

$11,145

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT

Service code 13 · EIN 94-3106735

Contract Administrator

$5,938

CBIZ RETIREMENT PLAN SERVICES2+ years

Service code 13 · EIN 31-1498244

13680 CLEVELAND AVENUE · UNIONTOWN, OH 44685

Contract Administrator

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB

Service code 19 · EIN 94-1737782

Securities Custodian

THE HANNON COMPANY 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE HANNON COMPANY 401K 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