Retirement plan

HAL GRIFFITH & ASSOCIATES 401(K) PLAN

Name: HAL GRIFFITH COMPANIES - HAL GRIFFITH & ASSOCIATES 401(K) PLAN (2015) Form 5500
Creator: HAL GRIFFITH COMPANIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAL GRIFFITH & ASSOCIATES 401(K) PLAN, HAL GRIFFITH COMPANIES

HAL GRIFFITH COMPANIESEIN 91-0940642Plan #002PY 2015

1301 ALASKAN WAY - SEATTLE, WA 98101206-623-8600LinkedIn201-500 employeesrestaurants

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$2.6M

No prior year

Total participants

402

No prior year

Average account balance

$30,234

No prior year

Annual return

-0.56%

No prior year

Benchmarks

See 637 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort637 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.62M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

21.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$567K

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

+12.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6550

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

Top 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 52 · EIN 04-1590850	Indirect Investment Fees	$11,585
BENEFIT ADMINISTRATION, INC.1+ years Filed as: BENEFIT ADMINISTRATION COMPANY, LLC Service code 13 · EIN 91-1999591	Contract Administrator	$0
CHRISTOPHER BROUSAIDES1+ years Filed as: CHRISTOPHER L REETZ Service code 53 701 5TH AVE, SUITE 4300 · SEATTLE, WA 98104	Insurance Commissions	$0
JAMES A. REICHERT1+ years Filed as: JAMES EDWARD SYPHER Service code 53 701 5TH AVE, SUITE 4300 · SEATTLE, WA 98104	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2K2T3D3H

Plan features

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.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$12K

$29 / participant

Investment mgmt$10K89.2%
Contract admin$1K10.8%

% of EOY assets

0.451%

all-in expense ratio

Categories reported

2 / 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: FORDE FINANCIAL & TAX, INC.
Auditor EIN: 911509091
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,234

$22,714+33.1%

$59,496-49.2%

$55,191-45.2%

Participation rate

19.7%

37.5%-17.7pp

54.6%-34.8pp

69.2%-49.4pp

Annual return

-0.56%

-44.01%+43.4pp

182.05%-182.6pp

10.78%-11.3pp

Employer contribution / active EE

$399

$418-4.5%

$1,153-65.4%

$1,899-79.0%

Participant deferral / active EE

$749

$843-11.2%

$1,829-59.1%

$3,046-75.4%

Admin fee / account holder

$136

$83+63.5%

$2,232-93.9%

$91+50.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSMUTUAL LIFE INSURANCE CO.

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$11,585

BENEFIT ADMINISTRATION, INC.1+ years

Filed as: BENEFIT ADMINISTRATION COMPANY, LLC

Service code 13 · EIN 91-1999591

Contract Administrator

CHRISTOPHER BROUSAIDES1+ years

Filed as: CHRISTOPHER L REETZ

Service code 53

701 5TH AVE, SUITE 4300 · SEATTLE, WA 98104

Insurance Commissions

JAMES A. REICHERT1+ years

Filed as: JAMES EDWARD SYPHER

Service code 53

701 5TH AVE, SUITE 4300 · SEATTLE, WA 98104

Insurance Commissions

HAL GRIFFITH & ASSOCIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAL GRIFFITH & ASSOCIATES 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