Retirement plan

HAMILTON SOUTHEASTERN UTILITIES, INC./SAMCO 401(K) PLAN

Name: HAMILTON SOUTHEASTERN UTILITIES, INC. - HAMILTON SOUTHEASTERN UTILITIES, INC./SAMCO 401(K) PLAN (2022) Form 5500
Creator: HAMILTON SOUTHEASTERN UTILITIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAMILTON SOUTHEASTERN UTILITIES, INC./SAMCO 401(K) PLAN, HAMILTON SOUTHEASTERN UTILITIES, INC.

HAMILTON SOUTHEASTERN UTILITIES, INC.EIN 35-1745244Plan #001PY 2022

11901 LAKESIDE DRIVE - FISHERS, IN 460381316317-577-2300LinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.9M

-17.1% from 2021

Total participants

120

+6.2% from 2021

Average account balance

$65,786

-21.9% from 2021

Annual return

-13.65%

-25.85 pp from 2021

Benchmarks

See 602 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants25-99

Cohort602 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.82M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

106

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.

141.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$230K

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

+9.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5673

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

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

$1.3M

$20253 / participant

Other / not subdivided$1M100.0%

% of EOY assets

16.419%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,786

$79,633-17.4%

$93,759-29.8%

$68,486-3.9%

Participation rate

100.0%

75.4%+24.6pp

81.0%+19.0pp

67.9%+32.1pp

Annual return

-13.65%

-0.10%-13.6pp

-11.33%-2.3pp

-7.85%-5.8pp

Employer contribution / active EE

$9,521

$3,665+159.8%

$4,324+120.2%

$2,597+266.7%

Participant deferral / active EE

$5,256

$5,158+1.9%

$6,096-13.8%

$4,028+30.5%

Admin fee / account holder

$10,801

$6,871+57.2%

$7,197+50.1%

$5,404+99.9%

HAMILTON SOUTHEASTERN UTILITIES, INC./SAMCO 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAMILTON SOUTHEASTERN UTILITIES, INC./SAMCO 401(K) 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