Retirement plan

HAMMER WILLIAMS COMPANY 401(K) PLAN

Name: HAMMER WILLIAMS COMPANY - HAMMER WILLIAMS COMPANY 401(K) PLAN (2015) Form 5500
Creator: HAMMER WILLIAMS COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAMMER WILLIAMS COMPANY 401(K) PLAN, HAMMER WILLIAMS COMPANY

HAMMER WILLIAMS COMPANYEIN 73-0936509Plan #001PY 2015

1710 W WILLOW RD SUITE 200 - ENID, OK 73703580-234-3971

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributions

Top hat statement on fileNQDC

Filed June 16, 2022

Plan administrator

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1710 W. Willow, Suite 200

Enid, OK 73703

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Plans declared (1)

Supplemental Executive Retirement Plan5 emp

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Total assets (EOY)

$2.5M

No prior year

Total participants

765

No prior year

Average account balance

$5,667

No prior year

Annual return

4.09%

No prior year

Benchmarks

See 1,096 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,096 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.88M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

180

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.

23.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$472K

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

+10.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$214

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 4 by compensation

Provider	Service type	Compensation
NATIONWIDE1+ years Service code 28 · EIN 31-4177100 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Investment Management	$11,423
PKS ADVISORY SERVICES LLC1+ years Filed as: PKS ADVISORY SERVICES, LLC Service code 26 · EIN 14-1836183 18 CORPORATE WOODS BLVD. · ALBANY, NY 12211	Advisory (Participants)	$7,978
TRISTAR PENSION LTD1+ years Filed as: TRISTAR PENSION CONSULTING Service code 37 · EIN 73-1553813 9150 N MAY AVE, SUITE A · OKLAHOMA CITY, OH 731204487	Loan Processing	$7,650
PENSIONMARK FINANCIAL GROUP LLC1+ years Filed as: PENSIONMARK FINANICIAL Service code 27 · EIN 61-1758632 24 E COTA ST STE 200 · SANTA BARBARA, CA 93101	Advisory (Plan)	$2,879

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T3D3H

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.
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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

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: CREASON & ASSOCIATES, PLLC
Auditor EIN: 202128988
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$5,667

$57,096-90.1%

$94,224-94.0%

$55,191-89.7%

Participation rate

27.2%

75.7%-48.5pp

78.8%-51.6pp

69.2%-42.0pp

Annual return

4.09%

159.65%-155.6pp

10.68%-6.6pp

10.78%-6.7pp

Employer contribution / active EE

$234

$1,708-86.3%

$3,587-93.5%

$1,899-87.7%

Participant deferral / active EE

$780

$3,165-75.4%

$4,320-82.0%

$3,046-74.4%

Admin fee / account holder

$89-100.0%

$6,269-100.0%

$91-100.0%

Provider

Service type

Compensation

NATIONWIDE1+ years

Service code 28 · EIN 31-4177100

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Investment Management

$11,423

PKS ADVISORY SERVICES LLC1+ years

Filed as: PKS ADVISORY SERVICES, LLC

Service code 26 · EIN 14-1836183

18 CORPORATE WOODS BLVD. · ALBANY, NY 12211

Advisory (Participants)

$7,978

TRISTAR PENSION LTD1+ years

Filed as: TRISTAR PENSION CONSULTING

Service code 37 · EIN 73-1553813

9150 N MAY AVE, SUITE A · OKLAHOMA CITY, OH 731204487

Loan Processing

$7,650

PENSIONMARK FINANCIAL GROUP LLC1+ years

Filed as: PENSIONMARK FINANICIAL

Service code 27 · EIN 61-1758632

24 E COTA ST STE 200 · SANTA BARBARA, CA 93101

Advisory (Plan)

$2,879

HAMMER WILLIAMS COMPANY 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

HAMMER WILLIAMS COMPANY 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion