Retirement plan

HERE NORTH AMERICA, LLC RETIREMENT SAVINGS AND INVESTMENT PLAN

Name: HERE NORTH AMERICA, LLC - HERE NORTH AMERICA, LLC RETIREMENT SAVINGS AND INVESTMENT PLAN (2020) Form 5500
Creator: HERE NORTH AMERICA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HERE NORTH AMERICA, LLC RETIREMENT SAVINGS AND INVESTMENT PLAN, HERE NORTH AMERICA, LLC

HERE NORTH AMERICA, LLCEIN 77-0080465Plan #002PY 2020

425 W. RANDOLPH STREET - CHICAGO, IL 60606312-894-7000LinkedIn1001-5000 employeesinformation technology and services

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed December 11, 2015 (most recent of 2 filings on file)

Plan administrator

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425 West Randolph St

Chicago State: IL Zip Code: 60606

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Plans declared (1)

HERE North America, LLC Restoration and Deferral Plan24 emp

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Total assets (EOY)

$439.7M

-20.4% from 2019

Total participants

2,213

+0.9% from 2019

Average account balance

$202,831

-19.5% from 2019

Annual return

17.81%

-29.89 pp from 2019

Benchmarks

See 755 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort755 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$466.25M

Not enough data

1 years with asset history on file

Average account balance

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

$284K

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.

1,642

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.

97.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+15.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$147

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
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 37 · EIN 04-2647786	Loan Processing	$203,201
ABD RETIREMENT SERVICES INC1 year Service code 27 · EIN 80-0833114	Advisory (Plan)	$113,271
CROWE LLP1 year Service code 10 · EIN 35-0921680	Accounting	$31,095
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$12,814

Plan features & details

Pension benefit codes2G2J2K2T3H2E3D2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$358K

$244 / participant

Investment mgmt$13K3.6%
Other / not subdivided$346K96.4%

% of EOY assets

0.082%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

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: CROWE HORWATH
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$202,831

$127,481+59.1%

$149,751+35.4%

$90,274+124.7%

Participation rate

96.9%

78.2%+18.7pp

82.5%+14.4pp

73.4%+23.6pp

Annual return

17.81%

57.78%-40.0pp

276.71%-258.9pp

53.97%-36.2pp

Employer contribution / active EE

$3,894

$3,448+13.0%

$4,646-16.2%

$2,523+54.3%

Participant deferral / active EE

$14,636

$6,975+109.8%

$6,843+113.9%

$4,231+246.0%

Admin fee / account holder

$165

$152+9.0%

$9,312-98.2%

$114+45.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 37 · EIN 04-2647786

Loan Processing

$203,201

ABD RETIREMENT SERVICES INC1 year

Service code 27 · EIN 80-0833114

Advisory (Plan)

$113,271

CROWE LLP1 year

Service code 10 · EIN 35-0921680

Accounting

$31,095

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$12,814

HERE NORTH AMERICA, LLC RETIREMENT SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HERE NORTH AMERICA, LLC RETIREMENT SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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