Retirement plan

CHINN ENTERPRISES, INC. PROFIT SHARING AND 401(K) PLAN

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

CHINN ENTERPRISES, INC.EIN 36-3213215Plan #001PY 2016

393 S. MILWAUKEE AVENUE - WHEELING, IL 60090847-520-3663

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$6.7M

+6.0% from 2015

Total participants

279

+6.5% from 2015

Average account balance

$27,168

+2.6% from 2015

Annual return

7.54%

+9.14 pp from 2015

Benchmarks

See 875 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort875 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.47M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

131

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.

97.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$272K

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

+15.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$219

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 4 by compensation

Provider	Service type	Compensation
HOWARD SIMON & ASSOCIATES, INC.2+ years Filed as: HOWARD SIMON & ASSOCIATES, INC Service code 15 304 SAUNDERS ROAD · RIVERWOODS, IL 60015	Recordkeeping	$31,176
SHERIDAN ROAD ADVISORS LLC2+ years Filed as: SHERIDAN ROAD ADVISORS Service code 38 707 SKOKIE BLVD · NORTHBROOK, IL 60062	Participant Communication	$18,345
TD AMERITRADE, INC.1 year Filed as: TD AMERITRADE Service code 38 · EIN 20-0937408	Participant Communication	$4,196
TD AMERITRADE, INC.2+ years Filed as: TD AMERITRADE TRUST COMPANY Service code 18	Custodial (other than securities)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$54K

$273 / participant

Other / not subdivided$54K100.0%

% of EOY assets

0.797%

all-in expense ratio

Categories reported

0 / 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: MCGLADREY LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,168

$25,723+5.6%

$69,182-60.7%

$55,167-50.8%

Participation rate

84.3%

39.4%+44.8pp

55.1%+29.1pp

69.0%+15.3pp

Annual return

7.54%

9.56%-2.0pp

-21.93%+29.5pp

169.23%-161.7pp

Employer contribution / active EE

$401

$480-16.4%

$1,206-66.7%

$1,963-79.5%

Participant deferral / active EE

$1,325

$963+37.6%

$1,897-30.1%

$3,054-56.6%

Admin fee / account holder

$217

$365-40.6%

$2,697-92.0%

$504-57.0%

Provider

Service type

Compensation

HOWARD SIMON & ASSOCIATES, INC.2+ years

Filed as: HOWARD SIMON & ASSOCIATES, INC

Service code 15

304 SAUNDERS ROAD · RIVERWOODS, IL 60015

Recordkeeping

$31,176

SHERIDAN ROAD ADVISORS LLC2+ years

Filed as: SHERIDAN ROAD ADVISORS

Service code 38

707 SKOKIE BLVD · NORTHBROOK, IL 60062

Participant Communication

$18,345

TD AMERITRADE, INC.1 year

Filed as: TD AMERITRADE

Service code 38 · EIN 20-0937408

Participant Communication

$4,196

TD AMERITRADE, INC.2+ years

Filed as: TD AMERITRADE TRUST COMPANY

Service code 18

Custodial (other than securities)

CHINN ENTERPRISES, INC. PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHINN ENTERPRISES, INC. PROFIT SHARING AND 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