Retirement plan

HOMESTREET, INC 401(K) SAVINGS PLAN

Name: HOMESTREET, INC. - HOMESTREET, INC 401(K) SAVINGS PLAN (2016) Form 5500
Creator: HOMESTREET, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOMESTREET, INC 401(K) SAVINGS PLAN, HOMESTREET, INC.

HOMESTREET, INC.EIN 91-0186600Plan #001PY 2016

601 UNION STREET , SUITE 2000 - SEATTLE, WA 98101206-623-3050

Prospect flagsFailed to transmit contributions

Top hat statement on fileNQDC

Filed July 21, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$126.1M

+29.0% from 2015

Total participants

3,176

+19.1% from 2015

Average account balance

$41,588

+7.5% from 2015

Annual return

15.16%

+7.50 pp from 2015

Benchmarks

See 529 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort529 peers

Snapshot2016

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Analytics

Total assets (EOY)

Plan-year ending balance

$178.79M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

1,976

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.

98.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+13.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$100

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 6 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.2+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES Service code 15 · EIN 34-1479833	Recordkeeping	$250,013
DELOITTE & TOUCHE LLP1 year Filed as: DELOITTE TOUCHE LLP Service code 11 · EIN 13-3891517	Actuarial	$143,966
PACIFIC PORTFOLIO CONSULTING1 year Filed as: PACIFIC PORTFOLIO CONSULTING L Service code 11 · EIN 20-4049073	Actuarial	$23,126
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO., INC Service code 33 · EIN 94-1737782	Direct payment from the plan; Shareho...	$5,255
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009	Directed Trustee	$3
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO INC AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2H2J2K2O2S2T3F

Plan features

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.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$278K

$108 / participant

Investment mgmt$19K6.7%
Other / not subdivided$260K93.3%

% of EOY assets

0.221%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: DELOITTE & TOUCHE LLP
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,588

$80,354-48.2%

$133,980-69.0%

$63,975-35.0%

Participation rate

94.5%

87.5%+7.0pp

87.1%+7.4pp

71.1%+23.3pp

Annual return

15.16%

13.11%+2.0pp

29.30%-14.1pp

48.65%-33.5pp

Employer contribution / active EE

$2,970

$3,503-15.2%

$5,211-43.0%

$2,182+36.1%

Participant deferral / active EE

$5,554

$5,239+6.0%

$6,282-11.6%

$3,356+65.5%

Admin fee / account holder

$92

$69+32.5%

$9,324-99.0%

$70+30.3%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.2+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES

Service code 15 · EIN 34-1479833

Recordkeeping

$250,013

DELOITTE & TOUCHE LLP1 year

Filed as: DELOITTE TOUCHE LLP

Service code 11 · EIN 13-3891517

Actuarial

$143,966

PACIFIC PORTFOLIO CONSULTING1 year

Filed as: PACIFIC PORTFOLIO CONSULTING L

Service code 11 · EIN 20-4049073

Actuarial

$23,126

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO., INC

Service code 33 · EIN 94-1737782

Direct payment from the plan; Shareho...

$5,255

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB BANK

Service code 25 · EIN 42-1558009

Directed Trustee

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO INC AND AFFIL

Service code 59

Shareholder Servicing

HOMESTREET, INC 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOMESTREET, INC 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

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