Retirement plan

HALLMARK HOME MORTGAGE 401(K) PLAN

Name: HALLMARK HOME MORTGAGE - HALLMARK HOME MORTGAGE 401(K) PLAN (2022) Form 5500
Creator: HALLMARK HOME MORTGAGE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HALLMARK HOME MORTGAGE 401(K) PLAN, HALLMARK HOME MORTGAGE

HALLMARK HOME MORTGAGEEIN 20-8549934Plan #001PY 2022

7421 COLDWATER ROAD - FORT WAYNE, IN 46825260-469-0900

Prospect flagsHigh feesLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$12.1M

-5.7% from 2021

Total participants

267

+8.5% from 2021

Average account balance

$49,889

-13.9% from 2021

Annual return

-12.52%

-29.39 pp from 2021

Benchmarks

See 2,166 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,166 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$16.70M

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.

191

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.

89.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$530

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 5 by compensation

Provider	Service type	Compensation
SYM FINANCIAL CORPORATION8+ years Service code 27 801 PARK AVEMUE · WINONA LAKE, IN 46590	Advisory (Plan)	$46,293
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$30,549
BENEFIT PLANS ADMIN SERVICES, INC.3 years Filed as: BENEFIT PLANS PLUS, LLC Service code 13	Contract Administrator	$10,000
HAINES, ISENBARGER & SKIBA, LLC1 year Filed as: HAINES ISENBARGER & SKIBA, LLC Service code 10 4630-8 W JEFFERSON BLVD · FORT WAYNE, IN 46804	Accounting	$9,700
BENEFIT PLANS ADMIN SERVICES, INC.5 years Filed as: BENEFIT PLANS PLUS LLC Service code 13 11701 BORMAN DRIVE · ST. LOUIS, MO 63146	Contract Administrator	$4,251

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H2T

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.
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

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$89K

$398 / participant

Investment mgmt$46K52.2%
Contract admin$30K33.7%
Other / not subdivided$13K14.2%

% of EOY assets

0.735%

all-in expense ratio

Categories reported

2 / 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: HAINES, ISENBARGER & SKIBA, LLC
Auditor EIN: 522127371
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,889

$102,553-51.4%

$151,611-67.1%

$66,914-25.4%

Participation rate

88.8%

85.5%+3.3pp

87.5%+1.3pp

69.8%+19.0pp

Annual return

-12.52%

-10.82%-1.7pp

3.33%-15.9pp

1.58%-14.1pp

Employer contribution / active EE

$890

$4,180-78.7%

$6,166-85.6%

$2,544-65.0%

Participant deferral / active EE

$5,417

$6,641-18.4%

$8,363-35.2%

$4,237+27.9%

Admin fee / account holder

$367

$630-41.8%

$11,616-96.8%

$593-38.2%

Provider

Service type

Compensation

SYM FINANCIAL CORPORATION8+ years

Service code 27

801 PARK AVEMUE · WINONA LAKE, IN 46590

Advisory (Plan)

$46,293

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$30,549

BENEFIT PLANS ADMIN SERVICES, INC.3 years

Filed as: BENEFIT PLANS PLUS, LLC

Service code 13

Contract Administrator

$10,000

HAINES, ISENBARGER & SKIBA, LLC1 year

Filed as: HAINES ISENBARGER & SKIBA, LLC

Service code 10

4630-8 W JEFFERSON BLVD · FORT WAYNE, IN 46804

Accounting

$9,700

BENEFIT PLANS ADMIN SERVICES, INC.5 years

Filed as: BENEFIT PLANS PLUS LLC

Service code 13

11701 BORMAN DRIVE · ST. LOUIS, MO 63146

Contract Administrator

$4,251

HALLMARK HOME MORTGAGE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HALLMARK HOME MORTGAGE 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