Retirement plan

HEARTLAND WORKS, INC. 403(B) PLAN

Name: HEARLAND WORKS, INC. - HEARTLAND WORKS, INC. 403(B) PLAN (2018) Form 5500
Creator: HEARLAND WORKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEARTLAND WORKS, INC. 403(B) PLAN, HEARLAND WORKS, INC.

HEARLAND WORKS, INC.EIN 36-3991390Plan #002PY 2018

5020 SW 28TH ST STE 100 - TOPEKA, KS 66614785-234-0500heartlandworks.orgLinkedIn11-50 employeesgovernment administration

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$585K

-3.5% from 2017

Total participants

-40.0% from 2017

Average account balance

$41,775

+65.4% from 2017

Annual return

-4.56%

-24.35 pp from 2017

Benchmarks

See 33,726 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort33,726 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-91.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2F2G2M2T2E

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

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

$44K

$2925 / participant

Other / not subdivided$44K100.0%

% of EOY assets

7.502%

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

$41,775

$90,607-53.9%

$79,467-47.4%

$135,380-69.1%

Participation rate

93.3%

76.0%+17.3pp

73.3%+20.0pp

82.6%+10.7pp

Annual return

-4.56%

977.74%-982.3pp

718.30%-722.9pp

519.81%-524.4pp

Employer contribution / active EE

$2,025

$3,068-34.0%

$2,800-27.7%

$4,779-57.6%

Participant deferral / active EE

$1,314

$4,050-67.6%

$3,704-64.5%

$5,609-76.6%

Admin fee / account holder

$3,134

$5,895-46.8%

$5,104-38.6%

$10,828-71.1%

HEARTLAND WORKS, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEARTLAND WORKS, INC. 403(B) 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