Retirement plan

HUFFMAN & HUFFMAN, PSC, PROFIT SHARING PLAN, 401 (K)

Name: HUFFMAN & HUFFMAN, PSC - HUFFMAN & HUFFMAN, PSC, PROFIT SHARING PLAN, 401 (K) (2017) Form 5500
Creator: HUFFMAN & HUFFMAN, PSC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUFFMAN & HUFFMAN, PSC, PROFIT SHARING PLAN, 401 (K), HUFFMAN & HUFFMAN, PSC

HUFFMAN & HUFFMAN, PSCEIN 61-1216376Plan #001PY 2017

503 NORTH MAIN STREET - LONDON, KY 40741606-877-1877huffmanandhuffman.comLinkedIn11-50 employeesmedical practice

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$4.1M

+24.0% from 2016

Total participants

+14.3% from 2016

Average account balance

$89,640

+13.2% from 2016

Annual return

17.37%

+11.64 pp from 2016

Benchmarks

See 17,854 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,854 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.38M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

105

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.

106.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$478K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+15.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1353

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 codes2G3D2H2J

Plan features

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$74K

$1858 / participant

Other / not subdivided$74K100.0%

% of EOY assets

1.802%

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

$89,640

$84,236+6.4%

$170,439-47.4%

$70,124+27.8%

Participation rate

95.0%

70.8%+24.2pp

83.6%+11.4pp

69.5%+25.5pp

Annual return

17.37%

23.06%-5.7pp

205.94%-188.6pp

73.14%-55.8pp

Employer contribution / active EE

$4,153

$3,387+22.6%

$5,433-23.6%

$2,342+77.3%

Participant deferral / active EE

$3,222

$3,086+4.4%

$4,939-34.8%

$3,332-3.3%

Admin fee / account holder

$1,615

$5,698-71.7%

$13,881-88.4%

$4,645-65.2%

HUFFMAN & HUFFMAN, PSC, PROFIT SHARING PLAN, 401 (K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUFFMAN & HUFFMAN, PSC, PROFIT SHARING PLAN, 401 (K)

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