Retirement plan

HERITAGE BROADCASTING COMPANY OF MICHIGAN 401(K) PROFIT SHARING PLAN

Name: HERITAGE BROADCASTING COMPANY OF MICHIGAN - HERITAGE BROADCASTING COMPANY OF MICHIGAN 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: HERITAGE BROADCASTING COMPANY OF MICHIGAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HERITAGE BROADCASTING COMPANY OF MICHIGAN 401(K) PROFIT SHARING PLAN, HERITAGE BROADCASTING COMPANY OF MICHIGAN

HERITAGE BROADCASTING COMPANY OF MICHIGANEIN 38-2706835Plan #001PY 2016

1 BROADCAST WAY - CADILLAC, MI 49601231-775-3478LinkedIn51-200 employeestelecommunications

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$3.6M

-12.7% from 2015

Total participants

145

-2.0% from 2015

Average account balance

$31,078

-11.2% from 2015

Annual return

4.76%

+8.13 pp from 2015

Benchmarks

See 837 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort837 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.12M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

136

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.

85.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$523K

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

+13.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$421

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
NATIONWIDE2+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$44,982
CENTAURUS FINANCIAL INC2+ years Service code 49 2300 E KATELLA AVE STE 200 · ANAHEIM, CA 92806	Other Services	$29,759
REHMANN ROBSON2+ years Filed as: REHMANN FINANCIAL GROUP Service code 37 2330 EAST PARIS AVE SE · GRAND RAPIDS, MI 49546	Loan Processing	$12,339

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$49K

$423 / participant

Contract admin$44K90.0%
Other / not subdivided$5K10.0%

% of EOY assets

1.349%

all-in expense ratio

Categories reported

1 / 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: BAIRD, COTTER AND BISHOP, P.C.
Auditor EIN: 381995866
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,078

$51,244-39.4%

$80,977-61.6%

$55,167-43.7%

Participation rate

75.9%

71.7%+4.2pp

75.8%+0.1pp

69.0%+6.9pp

Annual return

4.76%

17.39%-12.6pp

17.11%-12.3pp

169.23%-164.5pp

Employer contribution / active EE

$361

$1,770-79.6%

$3,715-90.3%

$1,963-81.6%

Participant deferral / active EE

$2,608

$4,418-41.0%

$5,696-54.2%

$3,054-14.6%

Admin fee / account holder

$419

$398+5.3%

$5,517-92.4%

$504-16.8%

Provider

Service type

Compensation

NATIONWIDE2+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$44,982

CENTAURUS FINANCIAL INC2+ years

Service code 49

2300 E KATELLA AVE STE 200 · ANAHEIM, CA 92806

Other Services

$29,759

REHMANN ROBSON2+ years

Filed as: REHMANN FINANCIAL GROUP

Service code 37

2330 EAST PARIS AVE SE · GRAND RAPIDS, MI 49546

Loan Processing

$12,339

HERITAGE BROADCASTING COMPANY OF MICHIGAN 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HERITAGE BROADCASTING COMPANY OF MICHIGAN 401(K) PROFIT SHARING 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