Retirement plan

KELLER AND HECKMAN LLP EMPLOYEES 401(K) PROFIT SHARING PLAN

Name: KELLER AND HECKMAN LLP - KELLER AND HECKMAN LLP EMPLOYEES 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: KELLER AND HECKMAN LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KELLER AND HECKMAN LLP EMPLOYEES 401(K) PROFIT SHARING PLAN, KELLER AND HECKMAN LLP

KELLER AND HECKMAN LLPEIN 52-0743156Plan #002PY 2019

1001 G STREET NW, SUITE 500W - WASHINGTON, DC 20001202-434-4190khlaw.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

2 filings

#004Retirement-$5.0M assets #003Retirement--

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$54M

+15.9% from 2018

Total participants

164

-0.6% from 2018

Average account balance

$333,154

+15.2% from 2018

Annual return

22.20%

+25.37 pp from 2018

Benchmarks

See 5,552 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,552 peers

Snapshot2019

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$84.60M

Not enough data

1 years with asset history on file

Average account balance

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

$513K

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.

165

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.

95.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+16.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$527

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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Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.3 years Filed as: NEWPORT GROUP, INC Service code 13 · EIN 27-2037969	Contract Administrator	$39,997
RAYMOND JAMES FINANCIAL SERVICES3 years Filed as: RAYMOND JAMES Service code 28 WISCONSIN AVE, SUITE 400 · BETHESDA, MD 20814	Investment Management	$36,839

Plan features & details

Pension benefit codes2A2E2F2G2J2R2S2T3B3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

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).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$77K

$651 / participant

Investment mgmt$28K36.3%
Contract admin$40K52.1%
Other / not subdivided$9K11.6%

% of EOY assets

0.142%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$333,154

$89,652+271.6%

$141,162+136.0%

$65,185+411.1%

Participation rate

98.3%

74.7%+23.6pp

82.5%+15.8pp

70.2%+28.1pp

Annual return

22.20%

32.79%-10.6pp

71.39%-49.2pp

29.38%-7.2pp

Employer contribution / active EE

$9,512

$3,065+210.4%

$4,735+100.9%

$2,177+337.0%

Participant deferral / active EE

$11,186

$5,691+96.6%

$6,709+66.7%

$3,514+218.3%

Admin fee / account holder

$474

$569-16.6%

$10,261-95.4%

$847-44.0%

Provider

Service type

Compensation

NEWPORT GROUP, INC.3 years

Filed as: NEWPORT GROUP, INC

Service code 13 · EIN 27-2037969

Contract Administrator

$39,997

RAYMOND JAMES FINANCIAL SERVICES3 years

Filed as: RAYMOND JAMES

Service code 28

WISCONSIN AVE, SUITE 400 · BETHESDA, MD 20814

Investment Management

$36,839

KELLER AND HECKMAN LLP EMPLOYEES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KELLER AND HECKMAN LLP EMPLOYEES 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