Retirement plan

HALLAM ASSOCIATES, INC. PROFIT SHARING AND SAVINGS PLAN

Name: HALLAM ASSOCIATES, INC. - HALLAM ASSOCIATES, INC. PROFIT SHARING AND SAVINGS PLAN (2021) Form 5500
Creator: HALLAM ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HALLAM ASSOCIATES, INC. PROFIT SHARING AND SAVINGS PLAN, HALLAM ASSOCIATES, INC.

HALLAM ASSOCIATES, INC.EIN 03-0297752Plan #001PY 2021

38 EASTWOOD DRIVE, SUITE 200 - SOUTH BURLINGTON, VT 05403802-658-4891

Other plans on this EIN

1 filing

#002Retirement-$15.7M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$30.5M

+17.3% from 2020

Total participants

143

+8.3% from 2020

Average account balance

$219,230

+11.4% from 2020

Annual return

14.43%

+0.90 pp from 2020

Benchmarks

See 5,715 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,715 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.22M

Not enough data

1 years with asset history on file

Average account balance

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

$191K

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.

184

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+17.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$529

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.4 years Service code 13 · EIN 27-2037969	Contract Administrator	$38,168
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN STANLEY GLOBAL BANKING OPERA Service code 28 717 17TH STREET · DENVER, CO 80202	Investment Management	$28,574
NEWPORT GROUP, INC.4 years Filed as: NEWPORT TRUST COMPANY Service code 25 · EIN 42-1558009	Directed Trustee	$13,441

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$80K

$786 / participant

Investment mgmt$29K35.6%
Contract admin$38K47.6%
Other / not subdivided$13K16.8%

% of EOY assets

0.263%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GALLAGHER, FLYNN & COMPANY
Auditor EIN: 030225774
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$219,230

$104,479+109.8%

$159,474+37.5%

$79,391+176.1%

Participation rate

96.1%

76.6%+19.5pp

82.8%+13.2pp

70.7%+25.4pp

Annual return

14.43%

67.98%-53.5pp

263.68%-249.2pp

116.88%-102.5pp

Employer contribution / active EE

$3,043

$3,417-10.9%

$4,831-37.0%

$2,428+25.3%

Participant deferral / active EE

$10,023

$6,468+55.0%

$7,353+36.3%

$4,046+147.7%

Admin fee / account holder

$577

$711-18.9%

$10,802-94.7%

$627-7.9%

Provider

Service type

Compensation

NEWPORT GROUP, INC.4 years

Service code 13 · EIN 27-2037969

Contract Administrator

$38,168

MORGAN STANLEY SMITH BARNEY4 years

Filed as: MORGAN STANLEY GLOBAL BANKING OPERA

Service code 28

717 17TH STREET · DENVER, CO 80202

Investment Management

$28,574

NEWPORT GROUP, INC.4 years

Filed as: NEWPORT TRUST COMPANY

Service code 25 · EIN 42-1558009

Directed Trustee

$13,441

HALLAM ASSOCIATES, INC. PROFIT SHARING AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HALLAM ASSOCIATES, INC. PROFIT SHARING AND SAVINGS 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