Retirement plan

HAMMONS AND ASSOCIATES, INC 401K PLAN

Name: HAMMONS AND ASSOCIATES, INC - HAMMONS AND ASSOCIATES, INC 401K PLAN (2022) Form 5500
Creator: HAMMONS AND ASSOCIATES, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAMMONS AND ASSOCIATES, INC 401K PLAN, HAMMONS AND ASSOCIATES, INC

HAMMONS AND ASSOCIATES, INCEIN 73-1034499Plan #001PY 2022

325 DEAN A MCGEE AVE - OKLAHOMA CITY, OK 731023401405-235-6100

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2M

-12.5% from 2021

Total participants

-16.7% from 2021

Average account balance

$244,854

-1.6% from 2021

Annual return

-14.03%

-30.47 pp from 2021

Benchmarks

See 133,844 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,844 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.75M

Not enough data

1 years with asset history on file

Average account balance

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

$392K

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.

87.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$136K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+14.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14947

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 codes3D2J2G

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$96K

$11983 / participant

Other / not subdivided$96K100.0%

% of EOY assets

4.894%

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

$244,854

$138,114+77.3%

$125,391+95.3%

$134,545+82.0%

Participation rate

75.0%

84.5%-9.5pp

82.4%-7.4pp

81.2%-6.2pp

Annual return

-14.03%

750.88%-764.9pp

572.41%-586.4pp

418.37%-432.4pp

Employer contribution / active EE

$2,904

$5,246-44.6%

$4,816-39.7%

$4,742-38.8%

Participant deferral / active EE

$10,844

$7,801+39.0%

$7,448+45.6%

$6,401+69.4%

Admin fee / account holder

$11,983

$11,570+3.6%

$10,009+19.7%

$11,431+4.8%

HAMMONS AND ASSOCIATES, INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAMMONS AND ASSOCIATES, INC 401K 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