Retirement plan

KELLER AND HECKMAN LLP NHCE ASSOCIATES 401(K) PLAN

Name: KELLER AND HECKMAN LLP - KELLER AND HECKMAN LLP NHCE ASSOCIATES 401(K) PLAN (2023) Form 5500
Creator: KELLER AND HECKMAN LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KELLER AND HECKMAN LLP NHCE ASSOCIATES 401(K) PLAN, KELLER AND HECKMAN LLP

KELLER AND HECKMAN LLPEIN 52-0743156Plan #004PY 2023

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

Other plans on this EIN

1 filing

#002Retirement-$70.8M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$4.8M

+2.3% from 2022

Total participants

+5.5% from 2022

Average account balance

$97,524

-1.8% from 2022

Annual return

12.98%

+29.11 pp from 2022

Benchmarks

See 28,708 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.72M

Not enough data

1 years with asset history on file

Average account balance

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

$127K

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.

250.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$345K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+17.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5458

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$919K

$27846 / participant

Other / not subdivided$919K100.0%

% of EOY assets

19.229%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,524

$93,598+4.2%

$135,974-28.3%

$75,173+29.7%

Participation rate

72.7%

75.2%-2.5pp

81.9%-9.2pp

67.2%+5.5pp

Annual return

12.98%

30.89%-17.9pp

68.30%-55.3pp

160.72%-147.7pp

Employer contribution / active EE

$3,538-100.0%

$4,859-100.0%

$2,671-100.0%

Participant deferral / active EE

$12,412

$6,405+93.8%

$7,760+60.0%

$4,126+200.8%

Admin fee / account holder

$18,753

$6,978+168.8%

$10,767+74.2%

$5,651+231.9%

KELLER AND HECKMAN LLP NHCE ASSOCIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KELLER AND HECKMAN LLP NHCE ASSOCIATES 401(K) 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