Retirement plan

HKM 401(K) PLAN AND TRUST

Name: HKM DIRECT MARKET COMMUNICATIONS, INC. - HKM 401(K) PLAN AND TRUST (2020) Form 5500
Creator: HKM DIRECT MARKET COMMUNICATIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HKM 401(K) PLAN AND TRUST, HKM DIRECT MARKET COMMUNICATIONS, INC.

HKM DIRECT MARKET COMMUNICATIONS, INC.EIN 34-1679427Plan #001PY 2020

5501 CASS AVE - CLEVELAND, OH 441022121216-651-9500hkmdirectmarket.comLinkedIn51-200 employeesprinting

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$7.4M

-1.2% from 2019

Total participants

143

-4.7% from 2019

Average account balance

$88,894

+4.7% from 2019

Annual return

12.51%

-6.79 pp from 2019

Benchmarks

See 1,894 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,894 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.16M

Not enough data

1 years with asset history on file

Average account balance

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

$135K

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.

67.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$224K

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

+10.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14583

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 3 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY2 years Service code 27 200 PUBLIC SQ STE 2600 · CLEVELAND, OH 441142331	Advisory (Plan)	$16,818
MALONEY & NOVOTNY LLC1 year Filed as: MALONEY + NOVOTNY LLC Service code 10 1111 SUPERIOR AVENUE EAST, ST 700 · CLEVELAND, OH 44114	Accounting	$11,845
CPI QUALIFIED PLAN CONSULTANTS, INC4 years Service code 15 · EIN 48-1205033	Recordkeeping	$11,582

Plan features & details

Pension benefit codes2F2G2J2K2Q2T3D

Plan features

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.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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

2 tripped

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

$40K

$333 / participant

Investment mgmt$17K41.8%
Contract admin$12K28.8%
Other / not subdivided$12K29.4%

% of EOY assets

0.545%

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: MALONEY & NOVOTNY LLC
Auditor EIN: 340677006
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,894

$70,917+25.3%

$98,920-10.1%

$73,493+21.0%

Participation rate

50.4%

73.8%-23.4pp

76.0%-25.6pp

70.7%-20.3pp

Annual return

12.51%

34.18%-21.7pp

196.47%-184.0pp

28.51%-16.0pp

Employer contribution / active EE

$2,037-100.0%

$2,689-100.0%

$2,270-100.0%

Participant deferral / active EE

$1,800

$3,501-48.6%

$4,245-57.6%

$3,740-51.9%

Admin fee / account holder

$485

$535-9.3%

$6,643-92.7%

$513-5.5%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2 years

Service code 27

200 PUBLIC SQ STE 2600 · CLEVELAND, OH 441142331

Advisory (Plan)

$16,818

MALONEY & NOVOTNY LLC1 year

Filed as: MALONEY + NOVOTNY LLC

Service code 10

1111 SUPERIOR AVENUE EAST, ST 700 · CLEVELAND, OH 44114

Accounting

$11,845

CPI QUALIFIED PLAN CONSULTANTS, INC4 years

Service code 15 · EIN 48-1205033

Recordkeeping

$11,582

HKM 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HKM 401(K) PLAN AND TRUST

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