Retirement plan

HAKANSON ANDERSON ASSOCIATES, INC. EMPLOYEE SAVINGS AND RETIREMENT PLAN

Name: HAKANSON ANDERSON ASSOCIATES, INC. - HAKANSON ANDERSON ASSOCIATES, INC. EMPLOYEE SAVINGS AND RETIREMENT PLAN (2018) Form 5500
Creator: HAKANSON ANDERSON ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAKANSON ANDERSON ASSOCIATES, INC. EMPLOYEE SAVINGS AND RETIREMENT PLAN, HAKANSON ANDERSON ASSOCIATES, INC.

HAKANSON ANDERSON ASSOCIATES, INC.EIN 41-1356520Plan #001PY 2018

3601 THURSTON AVENUE - ANOKA, MN 55303763-427-5860hakanson-anderson.comLinkedIn1-10 employees

Other plans on this EIN

1 filing

#002Retirement-$2.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.2M

+13.5% from 2017

Total participants

+12.8% from 2017

Average account balance

$74,365

-5.0% from 2017

Annual return

-0.24%

-16.48 pp from 2017

Benchmarks

See 25,536 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,536 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.82M

Not enough data

1 years with asset history on file

Average account balance

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

$170K

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.

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.

153.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$425K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+16.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17305

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 codes2E2F2J2T3D

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).
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.
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

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

$33K

$1206 / participant

Other / not subdivided$33K100.0%

% of EOY assets

1.019%

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

$74,365

$77,816-4.4%

$123,552-39.8%

$64,173+15.9%

Participation rate

96.3%

74.7%+21.6pp

82.3%+14.0pp

69.6%+26.7pp

Annual return

-0.24%

12.49%-12.7pp

119.20%-119.4pp

7.63%-7.9pp

Employer contribution / active EE

$6,566

$3,014+117.8%

$4,628+41.9%

$2,381+175.8%

Participant deferral / active EE

$8,213

$5,240+56.7%

$6,426+27.8%

$3,470+136.7%

Admin fee / account holder

$758

$5,519-86.3%

$9,285-91.8%

$4,887-84.5%

HAKANSON ANDERSON ASSOCIATES, INC. EMPLOYEE SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAKANSON ANDERSON ASSOCIATES, INC. EMPLOYEE SAVINGS AND RETIREMENT 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