Retirement plan

HAMPEL 401(K) SAVINGS PLAN

Name: L.T. HAMPEL CORP - HAMPEL 401(K) SAVINGS PLAN (2020) Form 5500
Creator: L.T. HAMPEL CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAMPEL 401(K) SAVINGS PLAN, L.T. HAMPEL CORP

L.T. HAMPEL CORPEIN 39-1234774Plan #001PY 2020

W194 N11551 MCCORMICK DRIVE - GERMANTOWN, WI 530223037262-255-4540

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.2M

-0.8% from 2019

Total participants

167

+4.4% from 2019

Average account balance

$54,745

-13.3% from 2019

Annual return

13.70%

-7.96 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.38M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

194

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.

98.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$698K

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

+10.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$351

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 5 by compensation

Provider	Service type	Compensation
INDEPENDENT FINANCIAL PARTNERS6+ years Service code 26 3030 N ROCKY POINT DR W · TAMPA, FL 33607	Advisory (Participants)	$28,666
ALLIANCE BENEFIT GROUP6+ years Filed as: ALLIANCE BENEFIT GROUP OF ILLINOIS Service code 15 · EIN 37-0899315	Recordkeeping	$5,470
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB BANK Service code 28	Investment Management	$3,417
CHARLES SCHWAB & CO., INC.6+ years Service code 28	Investment Management	$1,146
EPIC RETIREMENT PLAN SERVICES1 year Service code 19 456 FULTON STREET, STE 345 · PEORIA, IL 61602	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$49K

$357 / participant

Investment mgmt$29K59.1%
Other / not subdivided$20K40.9%

% of EOY assets

0.591%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,745

$66,124-17.2%

$90,440-39.5%

$73,493-25.5%

Participation rate

87.5%

69.7%+17.8pp

72.7%+14.8pp

70.7%+16.8pp

Annual return

13.70%

17.65%-4.0pp

1294.38%-1280.7pp

28.51%-14.8pp

Employer contribution / active EE

$1,046

$2,346-55.4%

$3,263-67.9%

$2,270-53.9%

Participant deferral / active EE

$3,154

$3,039+3.8%

$3,964-20.4%

$3,740-15.7%

Admin fee / account holder

$324

$396-18.3%

$5,615-94.2%

$513-36.9%

Provider

Service type

Compensation

INDEPENDENT FINANCIAL PARTNERS6+ years

Service code 26

3030 N ROCKY POINT DR W · TAMPA, FL 33607

Advisory (Participants)

$28,666

ALLIANCE BENEFIT GROUP6+ years

Filed as: ALLIANCE BENEFIT GROUP OF ILLINOIS

Service code 15 · EIN 37-0899315

Recordkeeping

$5,470

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB BANK

Service code 28

Investment Management

$3,417

CHARLES SCHWAB & CO., INC.6+ years

Service code 28

Investment Management

$1,146

EPIC RETIREMENT PLAN SERVICES1 year

Service code 19

456 FULTON STREET, STE 345 · PEORIA, IL 61602

Securities Custodian

HAMPEL 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAMPEL 401(K) SAVINGS 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