Retirement plan

HALL DRIVE INS, INC. 401(K) RETIREMENT PLAN

Name: HALL DRIVE INS, INC. - HALL DRIVE INS, INC. 401(K) RETIREMENT PLAN (2017) Form 5500
Creator: HALL DRIVE INS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HALL DRIVE INS, INC. 401(K) RETIREMENT PLAN, HALL DRIVE INS, INC.

HALL DRIVE INS, INC.EIN 35-0856802Plan #001PY 2017

216 HIGHWAY 930 W. - NEW HAVEN, IN 46774260-493-3522LinkedIn201-500 employeesrestaurants

Prospect flagsLow returnsLow participationLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$3.6M

+7.1% from 2016

Total participants

375

-1.3% from 2016

Average account balance

$49,169

-0.3% from 2016

Annual return

12.14%

+4.09 pp from 2016

Benchmarks

See 698 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort698 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.92M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

14.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$93K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$372

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

+8.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$31320

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
PHILLIPS FINANCIAL MANAGEMENT LLC3+ years Filed as: PHILLIPS FINANCIAL MANAGEMENT, LLC Service code 26 6920 POINTE INVERNESS WAY, STE 230 · FORT WAYNE, IN 46804	Advisory (Participants)	$13,627
DULIN, WARD & DEWALD, INC.3+ years Service code 10 9921 DUPONT CIR DR W, STE 300 · FORT WAYNE, IN 46825	Accounting	$6,100

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$21K

$59 / participant

Investment mgmt$21K95.8%
Other / not subdivided$9004.2%

% of EOY assets

0.598%

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: DULIN, WARD & DEWALD, INC.
Auditor EIN: 351344820
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,169

$28,416+73.0%

$73,550-33.1%

$69,631-29.4%

Participation rate

17.3%

38.3%-21.1pp

54.9%-37.7pp

70.7%-53.4pp

Annual return

12.14%

-694.13%+706.3pp

-15.16%+27.3pp

27571.02%-27558.9pp

Employer contribution / active EE

$430-100.0%

$1,219-100.0%

$2,032-100.0%

Participant deferral / active EE

$244

$897-72.8%

$1,804-86.5%

$3,224-92.4%

Admin fee / account holder

$294

$104+182.0%

$2,320-87.3%

$110+166.4%

Provider

Service type

Compensation

PHILLIPS FINANCIAL MANAGEMENT LLC3+ years

Filed as: PHILLIPS FINANCIAL MANAGEMENT, LLC

Service code 26

6920 POINTE INVERNESS WAY, STE 230 · FORT WAYNE, IN 46804

Advisory (Participants)

$13,627

DULIN, WARD & DEWALD, INC.3+ years

Service code 10

9921 DUPONT CIR DR W, STE 300 · FORT WAYNE, IN 46825

Accounting

$6,100

HALL DRIVE INS, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HALL DRIVE INS, INC. 401(K) RETIREMENT 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