Retirement plan

HAINES & COMPANY, INC. 401(K) PROFIT SHARING PLAN

Name: HAINES & COMPANY, INC. - HAINES & COMPANY, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: HAINES & COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAINES & COMPANY, INC. 401(K) PROFIT SHARING PLAN, HAINES & COMPANY, INC.

HAINES & COMPANY, INC.EIN 34-0821287Plan #003PY 2018

8050 FREEDOM AVENUE - NORTH CANTON, OH 44720330-494-9111haines.comLinkedIn1-10 employeescomputer software

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$4.1M

-20.7% from 2017

Total participants

123

-25.5% from 2017

Average account balance

$38,653

-6.4% from 2017

Annual return

-3.64%

-18.71 pp from 2017

Benchmarks

See 2,967 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort2,967 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.36M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

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.

3100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+13.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1270

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 2 by compensation

Provider	Service type	Compensation
CLIFTONLARSONALLEN LLP3+ years Filed as: CLIFTONLARSONALLENLLP Service code 10 4505 STEPHEN CIRCLE, SUITE 200 · CANTON, OH 44718	Accounting	$8,775
PENSION ASSURANCE LLP4+ years Filed as: PENSION CONSULTING SERVICES, LLC Service code 15 1737 GEORGETOWN ROAD, SUITE C · HUDSON, OH 44236	Recordkeeping	$6,823

Plan features & details

Pension benefit codes2E2F2T2J3D3H

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).
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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$17K

$307 / participant

Other / not subdivided$17K100.0%

% of EOY assets

0.424%

all-in expense ratio

Categories reported

0 / 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: CLIFTON LARSON ALLEN
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,653

$58,600-34.0%

$83,327-53.6%

$64,173-39.8%

Participation rate

67.9%

72.0%-4.2pp

77.8%-9.9pp

69.6%-1.7pp

Annual return

-3.64%

9.66%-13.3pp

10.64%-14.3pp

7.63%-11.3pp

Employer contribution / active EE

$2,098-100.0%

$3,379-100.0%

$2,381-100.0%

Participant deferral / active EE

$2,563

$4,656-44.9%

$5,565-53.9%

$3,470-26.1%

Admin fee / account holder

$164

$9,282-98.2%

$7,540-97.8%

$4,887-96.6%

Provider

Service type

Compensation

CLIFTONLARSONALLEN LLP3+ years

Filed as: CLIFTONLARSONALLENLLP

Service code 10

4505 STEPHEN CIRCLE, SUITE 200 · CANTON, OH 44718

Accounting

$8,775

PENSION ASSURANCE LLP4+ years

Filed as: PENSION CONSULTING SERVICES, LLC

Service code 15

1737 GEORGETOWN ROAD, SUITE C · HUDSON, OH 44236

Recordkeeping

$6,823

HAINES & COMPANY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAINES & COMPANY, INC. 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