Retirement plan

HANNAHVILLE INDIAN COMMUNITY 401(K) PLAN

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

HANNAHVILLE INDIAN COMMUNITYEIN 38-2008182Plan #002PY 2022

N14911 HANNAHVILLE B-1 ROAD - WILSON, MI 49896906-466-2934hannahville.orgLinkedIn1-10 employees

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$14.2M

-18.1% from 2021

Total participants

787

+3.3% from 2021

Average account balance

$18,711

-20.2% from 2021

Annual return

-17.60%

-39.33 pp from 2021

Benchmarks

See 788 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort788 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.66M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

794

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.

87.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+22.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$136

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 2 by compensation

Provider	Service type	Compensation
KERBERROSE WEALTH MANAGEMENT2 years Service code 26 · EIN 30-0793896	Advisory (Participants)	$22,924
JOHN HANCOCK LIFE INSURANCE COMPANY7+ years Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 15 · EIN 01-0233346	Recordkeeping	$6,487

Plan features & details

Pension benefit codes2E2F2G2J2K

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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$103K

$204 / participant

Investment mgmt$97K93.7%
Contract admin$6K6.3%

% of EOY assets

0.727%

all-in expense ratio

Categories reported

2 / 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: ANDERSON TACKMAN & CO. PLC
Auditor EIN: 381977929
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,711

$30,107-37.9%

$61,501-69.6%

$64,824-71.1%

Participation rate

94.5%

36.4%+58.1pp

52.6%+41.9pp

71.5%+23.0pp

Annual return

-17.60%

-13.99%-3.6pp

339.04%-356.6pp

32.84%-50.4pp

Employer contribution / active EE

$1,555

$537+189.7%

$1,160+34.1%

$2,507-38.0%

Participant deferral / active EE

$1,081

$1,126-4.0%

$2,125-49.1%

$4,311-74.9%

Admin fee / account holder

$136

$148-8.2%

$2,132-93.6%

$188-27.5%

Provider

Service type

Compensation

KERBERROSE WEALTH MANAGEMENT2 years

Service code 26 · EIN 30-0793896

Advisory (Participants)

$22,924

JOHN HANCOCK LIFE INSURANCE COMPANY7+ years

Filed as: JOHN HANCOCK LIFE INSURANCE CO.

Service code 15 · EIN 01-0233346

Recordkeeping

$6,487

HANNAHVILLE INDIAN COMMUNITY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HANNAHVILLE INDIAN COMMUNITY 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