Retirement plan

HAYLOFT PROPERTY MANAGEMENT CO. 401(K) PROFIT SHARING PLAN

Name: HAYLOFT PROPERTY MANAGEMENT CO. - HAYLOFT PROPERTY MANAGEMENT CO. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: HAYLOFT PROPERTY MANAGEMENT CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAYLOFT PROPERTY MANAGEMENT CO. 401(K) PROFIT SHARING PLAN, HAYLOFT PROPERTY MANAGEMENT CO.

HAYLOFT PROPERTY MANAGEMENT CO.EIN 46-0393506Plan #001PY 2015

27124 GRUMMAND AVENUE - TEA, SD 57064605-498-6000hayloftapartmenthomes.comLinkedIn51-200 employeesreal estate

Prospect flagsHigh cashLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$1.8M

No prior year

Total participants

196

No prior year

Average account balance

$9,121

No prior year

Annual return

0.50%

No prior year

Benchmarks

See 855 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort855 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.95M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

51.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$151K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+14.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$518

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
HOME FEDERAL BANK OF TENNESSEE1+ years Filed as: HOME FEDERAL BANK Service code 21 · EIN 46-0436040 225 SOUTH MAIN AVE · SIOUX FALLS, SD 57104	Bank Trustee	$9,204
BOYUM & BARENSCHEER PLLP1+ years Filed as: BOYUM & BARENSHEER PLLP Service code 10 · EIN 41-6192096 7800 METRO PARKWAY · MINNEAPOLIS, MN 55425	Accounting	$8,030
RETIREMENT DIRECT1+ years Filed as: RETIREMENT DIRECT, LLC Service code 64 · EIN 91-2076699 11120 TREYNORTH DRIVE SUITE B · CORNELIUS, NC 28031	Recordkeeping Fees	$7,973

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$25K

$162 / participant

Other / not subdivided$25K100.0%

% of EOY assets

1.416%

all-in expense ratio

Categories reported

0 / 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: BOYUM & BARENSHEER PLLP
Auditor EIN: 416192096
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,121

$45,283-79.9%

$155,789-94.1%

$52,331-82.6%

Participation rate

100.0%

62.2%+37.8pp

76.1%+23.9pp

68.1%+31.9pp

Annual return

0.50%

1.80%-1.3pp

71.54%-71.0pp

4.54%-4.0pp

Employer contribution / active EE

$388

$1,329-70.8%

$3,839-89.9%

$1,882-79.4%

Participant deferral / active EE

$782

$2,854-72.6%

$4,798-83.7%

$3,022-74.1%

Admin fee / account holder

$129

$981-86.8%

$7,477-98.3%

$592-78.2%

Provider

Service type

Compensation

HOME FEDERAL BANK OF TENNESSEE1+ years

Filed as: HOME FEDERAL BANK

Service code 21 · EIN 46-0436040

225 SOUTH MAIN AVE · SIOUX FALLS, SD 57104

Bank Trustee

$9,204

BOYUM & BARENSCHEER PLLP1+ years

Filed as: BOYUM & BARENSHEER PLLP

Service code 10 · EIN 41-6192096

7800 METRO PARKWAY · MINNEAPOLIS, MN 55425

Accounting

$8,030

RETIREMENT DIRECT1+ years

Filed as: RETIREMENT DIRECT, LLC

Service code 64 · EIN 91-2076699

11120 TREYNORTH DRIVE SUITE B · CORNELIUS, NC 28031

Recordkeeping Fees

$7,973

HAYLOFT PROPERTY MANAGEMENT CO. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAYLOFT PROPERTY MANAGEMENT CO. 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