Retirement plan

HEALTH AND BENEFIT SYSTEMS, INC. PROFIT SHARING PLAN

Name: HEALTH AND BENEFIT SYSTEMS, INC. - HEALTH AND BENEFIT SYSTEMS, INC. PROFIT SHARING PLAN (2015) Form 5500
Creator: HEALTH AND BENEFIT SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEALTH AND BENEFIT SYSTEMS, INC. PROFIT SHARING PLAN, HEALTH AND BENEFIT SYSTEMS, INC.

HEALTH AND BENEFIT SYSTEMS, INC.dba BENEFIT COMMUNICATION INSOURCINGEIN 43-1403572Plan #001PY 2015

6363 COLLEGE BOULEVARD, SUITE 500 - OVERLAND PARK, KS 66211913-642-1666

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$4.1M

No prior year

Total participants

178

No prior year

Average account balance

$26,090

No prior year

Annual return

-0.19%

No prior year

Benchmarks

See 2,156 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,156 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.06M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

367

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.

91.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.70M

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

+16.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$51

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 4 by compensation

Provider	Service type	Compensation
COMPENSATION BENEFIT PLANNING, INC.1+ years Filed as: COMPENSATION BENEFIT PLANNING INC. Service code 13	Contract Administrator	$6,079
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$2,999
COMPENSATION BENEFIT PLANNING, INC.1+ years Service code 13 · EIN 43-1021898	Contract Administrator	$0
GREG HARVEY1+ years Service code 53 9401 INDIAN CREEK PARKWAY, STE 510 · OVERLAND PARK, KS 66210	Insurance Commissions	$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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$3K

$20 / participant

Investment mgmt$3K100.0%

% of EOY assets

0.074%

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: PICKETT CHANEY MCMULLEN
Auditor EIN: 481246310
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,090

$70,667-63.1%

$123,105-78.8%

$52,331-50.1%

Participation rate

85.2%

83.7%+1.5pp

86.8%-1.5pp

68.1%+17.1pp

Annual return

-0.19%

6.23%-6.4pp

13.22%-13.4pp

4.54%-4.7pp

Employer contribution / active EE

$1,105

$2,946-62.5%

$5,151-78.5%

$1,882-41.3%

Participant deferral / active EE

$2,979

$4,493-33.7%

$6,229-52.2%

$3,022-1.4%

Admin fee / account holder

$19

$506-96.2%

$9,014-99.8%

$592-96.8%

Provider

Service type

Compensation

COMPENSATION BENEFIT PLANNING, INC.1+ years

Filed as: COMPENSATION BENEFIT PLANNING INC.

Service code 13

Contract Administrator

$6,079

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$2,999

COMPENSATION BENEFIT PLANNING, INC.1+ years

Service code 13 · EIN 43-1021898

Contract Administrator

GREG HARVEY1+ years

Service code 53

9401 INDIAN CREEK PARKWAY, STE 510 · OVERLAND PARK, KS 66210

Insurance Commissions

HEALTH AND BENEFIT SYSTEMS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEALTH AND BENEFIT SYSTEMS, INC. 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