Retirement plan

HOEFER WELKER, LLC 401(K) PLAN

Name: HOEFER WELKER, LLC - HOEFER WELKER, LLC 401(K) PLAN (2022) Form 5500
Creator: HOEFER WELKER, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOEFER WELKER, LLC 401(K) PLAN, HOEFER WELKER, LLC

HOEFER WELKER, LLCEIN 36-4095388Plan #001PY 2022

11460 TOMAHAWK CREEK PARKWAY, SUITE 400 - LEAWOOD, KS 66211913-307-3885hoeferwelker.comLinkedIn51-200 employeesarchitecture & planning

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.8M

-14.3% from 2021

Total participants

197

+1.0% from 2021

Average account balance

$59,680

-15.2% from 2021

Annual return

-15.00%

-29.82 pp from 2021

Benchmarks

See 5,987 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,987 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.74M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

210

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+17.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$273

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
AMERICAN UNITED LIFE INSURANCE CO4 years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$58,762
MARINER LLC4 years Filed as: MARINER WEALTH ADVISORS Service code 16 5700 W 112TH STREET · OVERLAND PARK, KS 66211	Consulting	$29,044
MATRIX TRUST COMPANY2 years Service code 19 · EIN 75-3182674	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2R2T3B3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

$88K

$610 / participant

Investment mgmt$29K33.1%
Other / not subdivided$59K66.9%

% of EOY assets

0.747%

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: RUBINBROWN LLP
Auditor EIN: 430765316
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,680

$84,493-29.4%

$125,381-52.4%

$66,938-10.8%

Participation rate

100.0%

76.4%+23.6pp

82.4%+17.6pp

69.8%+30.2pp

Annual return

-15.00%

-8.49%-6.5pp

572.31%-587.3pp

1.58%-16.6pp

Employer contribution / active EE

$2,929

$3,554-17.6%

$4,815-39.2%

$2,545+15.1%

Participant deferral / active EE

$6,120

$6,783-9.8%

$7,448-17.8%

$4,238+44.4%

Admin fee / account holder

$446

$685-34.9%

$10,007-95.5%

$594-24.9%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO4 years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$58,762

MARINER LLC4 years

Filed as: MARINER WEALTH ADVISORS

Service code 16

5700 W 112TH STREET · OVERLAND PARK, KS 66211

Consulting

$29,044

MATRIX TRUST COMPANY2 years

Service code 19 · EIN 75-3182674

Securities Custodian

HOEFER WELKER, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOEFER WELKER, LLC 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