Retirement plan

FANNING/HOWEY ASSOCIATES, INC 401(K) PROFIT SHARING PLAN

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

FANNING/HOWEY ASSOCIATES, INC.EIN 34-1053065Plan #002PY 2016

540 E. MARKET ST - CELINA, OH 45822419-586-2292

Prospect flagsHigh feesLow employer contributionLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$23.6M

-0.3% from 2015

Total participants

187

0.0% from 2015

Average account balance

$129,472

+1.4% from 2015

Annual return

6.54%

+5.89 pp from 2015

Benchmarks

See 650 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Cohort650 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.47M

Not enough data

1 years with asset history on file

Average account balance

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

$166K

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.

172

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.

94.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$262

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 3 by compensation

Provider	Service type	Compensation
NFP RETIREMENT INC1 year Filed as: NFP ADVISOR SERVICES LLC Service code 27 1250 CAPITAL OF TEXAS HIGHWAY S · AUSTIN, TX 78746	Advisory (Plan)	$23,090
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA INVESTMENT SERVICES Service code 27 · EIN 74-2794194	Advisory (Plan)	$22,591
ASCENSUS LLC2+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754	Recordkeeping	$6,327

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T2S

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.
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.
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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$56K

$567 / participant

Investment mgmt$50K88.7%
Contract admin$6K11.3%

% of EOY assets

0.238%

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: BRADY, WARE & SCHOENFELD, INC.
Auditor EIN: 351476702
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$129,472

$225,135-42.5%

$123,894+4.5%

Participation rate

94.9%

69.5%+25.4pp

81.4%+13.5pp

Annual return

6.54%

8.01%-1.5pp

47.52%-41.0pp

Employer contribution / active EE

$435

$2,580-83.1%

$4,617-90.6%

Participant deferral / active EE

$7,437

$4,315+72.4%

$5,984+24.3%

Admin fee / account holder

$308

$19,833-98.4%

$8,357-96.3%

Provider

Service type

Compensation

NFP RETIREMENT INC1 year

Filed as: NFP ADVISOR SERVICES LLC

Service code 27

1250 CAPITAL OF TEXAS HIGHWAY S · AUSTIN, TX 78746

Advisory (Plan)

$23,090

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA INVESTMENT SERVICES

Service code 27 · EIN 74-2794194

Advisory (Plan)

$22,591

ASCENSUS LLC2+ years

Filed as: ASCENSUS

Service code 15 · EIN 11-3665754

Recordkeeping

$6,327

FANNING/HOWEY ASSOCIATES, INC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FANNING/HOWEY ASSOCIATES, 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