Retirement plan

HERITAGE MANAGEMENT COMPANY, INC. 401(K) PLAN

Name: HERITAGE MANAGEMENT COMPANY, INC. - HERITAGE MANAGEMENT COMPANY, INC. 401(K) PLAN (2022) Form 5500
Creator: HERITAGE MANAGEMENT COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HERITAGE MANAGEMENT COMPANY, INC. 401(K) PLAN, HERITAGE MANAGEMENT COMPANY, INC.

HERITAGE MANAGEMENT COMPANY, INC.EIN 04-3246449Plan #001PY 2022

70 QUINCY AVENUE - QUINCY, MA 02169617-221-1034

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$880K

-0.5% from 2021

Total participants

-13.0% from 2021

Average account balance

$55,030

+18.2% from 2021

Annual return

-16.39%

-45.35 pp from 2021

Benchmarks

See 18,479 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort18,479 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.56M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$175K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8708

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 codes2J2T3D

Plan features

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.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$50

$3 / participant

Other / not subdivided$50100.0%

% of EOY assets

0.006%

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

$55,030

$190,879-71.2%

$160,009-65.6%

$134,532-59.1%

Participation rate

76.5%

82.0%-5.5pp

78.0%-1.5pp

81.2%-4.8pp

Annual return

-16.39%

552.63%-569.0pp

408.85%-425.2pp

418.27%-434.7pp

Employer contribution / active EE

$3,367

$4,995-32.6%

$4,225-20.3%

$4,741-29.0%

Participant deferral / active EE

$4,920

$6,924-28.9%

$6,183-20.4%

$6,401-23.1%

Admin fee / account holder

$10,495-100.0%

$8,715-100.0%

$11,429-100.0%

HERITAGE MANAGEMENT COMPANY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HERITAGE MANAGEMENT COMPANY, INC. 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