Retirement plan

SHALOM HARTMAN INSTITUTE OF NORTH AMERICA 403(B) PLAN

Name: SHALOM HARTMAN INSTITUTE OF NORTH AMERICA - SHALOM HARTMAN INSTITUTE OF NORTH AMERICA 403(B) PLAN (2023) Form 5500
Creator: SHALOM HARTMAN INSTITUTE OF NORTH AMERICA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHALOM HARTMAN INSTITUTE OF NORTH AMERICA 403(B) PLAN, SHALOM HARTMAN INSTITUTE OF NORTH AMERICA

SHALOM HARTMAN INSTITUTE OF NORTH AMERICAEIN 13-3014387Plan #002PY 2023

475 RIVERSIDE DRIVE, SUITE 1450 - NEW YORK, NY 10115212-268-0300

Other plans on this EIN

1 filing

#003Retirement-$1.3M assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.9M

+22.3% from 2022

Total participants

-42.9% from 2022

Average account balance

$58,951

+16.7% from 2022

Annual return

17.14%

+32.47 pp from 2022

Benchmarks

See 9,811 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,811 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.55M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

76.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$411K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5144

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 codes2M3D2G2F2T

Plan features

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$290K

$9055 / participant

Other / not subdivided$290K100.0%

% of EOY assets

7.447%

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

$58,951

$57,305+2.9%

$86,640-32.0%

$75,173-21.6%

Participation rate

93.8%

63.2%+30.5pp

71.7%+22.0pp

67.2%+26.5pp

Annual return

17.14%

2674.24%-2657.1pp

592.52%-575.4pp

160.72%-143.6pp

Employer contribution / active EE

$2,316-100.0%

$3,024-100.0%

$2,671-100.0%

Participant deferral / active EE

$14,056

$3,320+323.4%

$4,438+216.7%

$4,126+240.6%

Admin fee / account holder

$4,390

$4,116+6.7%

$5,616-21.8%

$5,651-22.3%

SHALOM HARTMAN INSTITUTE OF NORTH AMERICA 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHALOM HARTMAN INSTITUTE OF NORTH AMERICA 403(B) 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