Retirement plan

HUNT MIDWEST ENTERPRISES, INC. DEFINED CONTRIBUTION PLAN

Name: HUNT MIDWEST ENTERPRISES, INC. - HUNT MIDWEST ENTERPRISES, INC. DEFINED CONTRIBUTION PLAN (2024) Form 5500
Creator: HUNT MIDWEST ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUNT MIDWEST ENTERPRISES, INC. DEFINED CONTRIBUTION PLAN, HUNT MIDWEST ENTERPRISES, INC.

HUNT MIDWEST ENTERPRISES, INC.EIN 43-1186641Plan #002PY 2024

1881 MAIN STREET, STE 200 - KANSAS CITY, MO 64108816-455-2500LinkedIn201-500 employeesinvestment management

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$36M

+10.5% from 2023

Total participants

166

-1.8% from 2023

Average account balance

$233,926

+14.1% from 2023

Annual return

13.64%

-4.71 pp from 2023

Benchmarks

See 277 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants100-249

Cohort277 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.02M

Not enough data

1 years with asset history on file

Average account balance

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

$234K

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.

154

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.

89.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$760

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
MORGAN STANLEY SMITH BARNEY7 years Filed as: MORGAN STANLEY GLOBAL Service code 27 · EIN 20-8764829	Advisory (Plan)	$44,744
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290	Contract Administrator	$41,454
MORGAN STANLEY SMITH BARNEY10+ years Filed as: MORGAN STANLEY Service code 27 · EIN 13-2919773	Advisory (Plan)	$30,848

Plan features & details

Pension benefit codes2E2G2J2K2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$117K

$1018 / participant

Investment mgmt$76K64.6%
Contract admin$41K35.4%

% of EOY assets

0.325%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$233,926

$89,225+162.2%

$136,072+71.9%

$74,459+214.2%

Participation rate

89.6%

69.4%+20.1pp

76.4%+13.1pp

67.2%+22.3pp

Annual return

13.64%

22.76%-9.1pp

580.46%-566.8pp

1369.70%-1356.1pp

Employer contribution / active EE

$2,816-100.0%

$4,216-100.0%

$2,626-100.0%

Participant deferral / active EE

$11,135

$4,597+142.2%

$7,028+58.4%

$4,350+156.0%

Admin fee / account holder

$760

$1,545-50.8%

$6,718-88.7%

$1,945-60.9%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY7 years

Filed as: MORGAN STANLEY GLOBAL

Service code 27 · EIN 20-8764829

Advisory (Plan)

$44,744

PRINCIPAL LIFE INSURANCE COMPANY10+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$41,454

MORGAN STANLEY SMITH BARNEY10+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 13-2919773

Advisory (Plan)

$30,848

HUNT MIDWEST ENTERPRISES, INC. DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUNT MIDWEST ENTERPRISES, INC. DEFINED CONTRIBUTION 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