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 (2024) 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 2024

1001 G STREET NW, SUITE 500 WEST - WASHINGTON, DC 20001202-434-4280khlaw.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#004Retirement-$5.7M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$84.6M

+19.4% from 2023

Total participants

171

-0.6% from 2023

Average account balance

$512,733

+18.7% from 2023

Annual return

16.13%

-2.85 pp from 2023

Benchmarks

See 6,297 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,297 peers

Snapshot2024

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

See the 10-year trajectory. $4.99 for your first month.

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

Start for $4.99 See plans

Service providers

Top 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.4 years Service code 15 · EIN 27-2037969	Recordkeeping	$49,432
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES AND ASSOCIATES Service code 27 880 CARILLON PARKWAY · ST. PETERSBURG, FL 33716	Advisory (Plan)	$37,200

Plan features & details

Pension benefit codes2A2E3D2G2J2R2F2T

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

Expense breakdown

Schedule H Part II

Admin total

$87K

$685 / participant

Investment mgmt$38K43.2%
Contract admin$49K56.8%

% of EOY assets

0.103%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$512,733

$101,317+406.1%

$146,958+248.9%

$74,495+588.3%

Participation rate

95.3%

75.5%+19.7pp

82.2%+13.1pp

67.2%+28.1pp

Annual return

16.13%

8730.91%-8714.8pp

418.34%-402.2pp

1364.94%-1348.8pp

Employer contribution / active EE

$12,050

$3,810+216.2%

$4,933+144.3%

$2,623+359.4%

Participant deferral / active EE

$16,419

$7,303+124.8%

$8,070+103.5%

$4,346+277.8%

Admin fee / account holder

$527

$1,739-69.7%

$12,998-95.9%

$1,942-72.9%

Provider

Service type

Compensation

NEWPORT GROUP, INC.4 years

Service code 15 · EIN 27-2037969

Recordkeeping

$49,432

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES AND ASSOCIATES

Service code 27

880 CARILLON PARKWAY · ST. PETERSBURG, FL 33716

Advisory (Plan)

$37,200

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