Retirement plan

HINSHAW & CULBERTSON ASSOCIATES 401 (K) PLAN

Name: HINSHAW & CULBERTSON LLP - HINSHAW & CULBERTSON ASSOCIATES 401 (K) PLAN (2024) Form 5500
Creator: HINSHAW & CULBERTSON LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HINSHAW & CULBERTSON ASSOCIATES 401 (K) PLAN, HINSHAW & CULBERTSON LLP

HINSHAW & CULBERTSON LLPEIN 36-2128133Plan #004PY 2024

151 NORTH FRANKLIN STREET, SUITE 2500 - CHICAGO, IL 60606312-704-3000hinshawlaw.comLinkedIn501-1000 employeeslaw practice

Other plans on this EIN

2 filings

#003Retirement-$371.3M assets #007Retirement-$11.4M assets

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$25.4M

-8.2% from 2016

Total participants

566

-5.4% from 2016

Average account balance

$69,487

+8.5% from 2016

Annual return

17.62%

+16.49 pp from 2016

Benchmarks

See 3,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,296 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.36M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

365

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.

54.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.67M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+17.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$66

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
SIKICH LLP5 years Service code 10 1415 W. DIEHL ROAD, SUITE 400 · NAPERVILLE, IL 60563	Accounting	$14,500
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$6,425
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	-$2,495

Plan features & details

Pension benefit codes2F2G2J2K3H2E3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$24K

$55 / participant

Investment mgmt$9K37.8%
Other / not subdivided$15K62.2%

% of EOY assets

0.095%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SIKICH CPA LLC
Auditor EIN: 541172176
Audit fees: $14,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,487

$106,264-34.6%

$147,117-52.8%

$77,762-10.6%

Participation rate

54.5%

78.4%-23.9pp

82.2%-27.7pp

70.6%-16.1pp

Annual return

17.62%

56.94%-39.3pp

420.54%-402.9pp

31.27%-13.7pp

Employer contribution / active EE

$633

$4,074-84.5%

$4,932-87.2%

$2,728-76.8%

Participant deferral / active EE

$5,406

$8,003-32.5%

$8,065-33.0%

$4,651+16.2%

Admin fee / account holder

$66

$334-80.2%

$12,993-99.5%

$433-84.7%

Provider

Service type

Compensation

SIKICH LLP5 years

Service code 10

1415 W. DIEHL ROAD, SUITE 400 · NAPERVILLE, IL 60563

Accounting

$14,500

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$6,425

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$2,495

HINSHAW & CULBERTSON ASSOCIATES 401 (K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HINSHAW & CULBERTSON ASSOCIATES 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