Retirement plan

KENNEDY HERNANDEZ & HARRISON, P.C. 401(K) PLAN

Name: KENNEDY HERNANDEZ & HARRISON, P.C. - KENNEDY HERNANDEZ & HARRISON, P.C. 401(K) PLAN (2024) Form 5500
Creator: KENNEDY HERNANDEZ & HARRISON, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KENNEDY HERNANDEZ & HARRISON, P.C. 401(K) PLAN, KENNEDY HERNANDEZ & HARRISON, P.C.

KENNEDY HERNANDEZ & HARRISON, P.C.EIN 82-3671660Plan #001PY 2024

201 12TH STREET NW - ALBUQUERQUE, NM 87102505-842-8662

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$356K

+59.4% from 2023

Total participants

+21.4% from 2023

Average account balance

$23,705

+16.9% from 2023

Annual return

18.08%

-10.60 pp from 2023

Benchmarks

See 143,561 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,561 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$356K

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

81.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$97K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+18.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$333

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 codes2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$5K

$454 / participant

Other / not subdivided$5K100.0%

% of EOY assets

1.405%

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

$23,705

$160,028-85.2%

$147,080-83.9%

$145,884-83.8%

Participation rate

81.8%

84.0%-2.2pp

82.2%-0.4pp

80.3%+1.5pp

Annual return

18.08%

98.60%-80.5pp

420.17%-402.1pp

551.85%-533.8pp

Employer contribution / active EE

$2,805

$5,286-46.9%

$4,933-43.1%

$4,662-39.8%

Participant deferral / active EE

$5,981

$8,422-29.0%

$8,066-25.8%

$6,690-10.6%

Admin fee / account holder

$333

$15,030-97.8%

$12,989-97.4%

$13,392-97.5%

KENNEDY HERNANDEZ & HARRISON, P.C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KENNEDY HERNANDEZ & HARRISON, P.C. 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