Retirement plan

JOHN A. HUDEC AND ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

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

JOHN A. HUDEC AND ASSOCIATES, INC.EIN 34-1455076Plan #002PY 2016

6700 W SNOWVILLE RD. - BRECKSVILLE, OH 44141216-398-8900

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$5.5M

+8.5% from 2015

Total participants

262

+18.6% from 2015

Average account balance

$30,468

-6.4% from 2015

Annual return

6.88%

+5.05 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.58M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

191

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.

38.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$899K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$286

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
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$38,023
CBIZ RETIREMENT PLAN SERVICES2+ years Filed as: CBIZ FINANCIAL SOLUTIONS, INC. Service code 55 PO BOX 643792 · CINCINNATI, OH 45226	Other Commissions	$16,164
CBIZ RETIREMENT PLAN SERVICES2+ years Filed as: CBIZ BENEFITS & INS. SERVICES, INC. Service code 13	Contract Administrator	$5,139
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$4,568
CBIZ RETIREMENT PLAN SERVICES2+ years Filed as: CBIZ BENEFITS & INS SERVICES, INC. Service code 13 11440 TOMAHAWK CREEK PKWY · LEAWOOD, KS 66211	Contract Administrator	$3,927

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$47K

$221 / participant

Investment mgmt$41K87.2%
Contract admin$6K12.8%

% of EOY assets

0.854%

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: SUSTIN BARTELL WALDMAN & FITZGERALD
Auditor EIN: 341748861
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,468

$46,732-34.8%

$156,551-80.5%

$55,167-44.8%

Participation rate

62.6%

65.8%-3.2pp

84.0%-21.4pp

69.0%-6.4pp

Annual return

6.88%

17.72%-10.8pp

32.23%-25.3pp

169.23%-162.4pp

Employer contribution / active EE

$1,182

$2,105-43.9%

$5,501-78.5%

$1,963-39.8%

Participant deferral / active EE

$2,806

$2,204+27.3%

$4,871-42.4%

$3,054-8.1%

Admin fee / account holder

$260

$418-37.8%

$13,028-98.0%

$504-48.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: GREAT-WEST LIFE & ANNUITY INS CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$38,023

CBIZ RETIREMENT PLAN SERVICES2+ years

Filed as: CBIZ FINANCIAL SOLUTIONS, INC.

Service code 55

PO BOX 643792 · CINCINNATI, OH 45226

Other Commissions

$16,164

CBIZ RETIREMENT PLAN SERVICES2+ years

Filed as: CBIZ BENEFITS & INS. SERVICES, INC.

Service code 13

Contract Administrator

$5,139

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$4,568

CBIZ RETIREMENT PLAN SERVICES2+ years

Filed as: CBIZ BENEFITS & INS SERVICES, INC.

Service code 13

11440 TOMAHAWK CREEK PKWY · LEAWOOD, KS 66211

Contract Administrator

$3,927

JOHN A. HUDEC AND ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JOHN A. HUDEC AND 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