Retirement plan

HALBERSTADT FINANCIAL CONSULTANTS, INC. PROFIT SHARING PLAN

Name: HALBERSTADT FINANCIAL CONSULTANTS, INC. - HALBERSTADT FINANCIAL CONSULTANTS, INC. PROFIT SHARING PLAN (2024) Form 5500
Creator: HALBERSTADT FINANCIAL CONSULTANTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HALBERSTADT FINANCIAL CONSULTANTS, INC. PROFIT SHARING PLAN, HALBERSTADT FINANCIAL CONSULTANTS, INC.

HALBERSTADT FINANCIAL CONSULTANTS, INC.EIN 22-3703821Plan #001PY 2024

50 NORTH TULANE STREET - PRINCETON, NJ 08542609-921-0180halberstadtfinancial.comLinkedIn1-10 employeesfinancial services

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$513K

+5.1% from 2023

Total participants

+20.0% from 2023

Average account balance

$85,444

-12.4% from 2023

Annual return

60.66%

+35.01 pp from 2023

Benchmarks

See 37,167 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort37,167 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$513K

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$90K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+60.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$60203

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 codes2E2F2G2J3D

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.
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

$361K

$90304 / participant

Other / not subdivided$361K100.0%

% of EOY assets

70.458%

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

$85,444

$201,264-57.5%

$184,185-53.6%

$145,978-41.5%

Participation rate

100.0%

87.5%+12.5pp

86.8%+13.2pp

80.3%+19.7pp

Annual return

60.66%

29.00%+31.7pp

28.81%+31.8pp

550.52%-489.9pp

Employer contribution / active EE

$3,620

$7,021-48.4%

$6,426-43.7%

$4,662-22.3%

Participant deferral / active EE

$18,926

$9,806+93.0%

$9,132+107.2%

$6,690+182.9%

Admin fee / account holder

$60,203

$16,376+267.6%

$13,909+332.8%

$13,400+349.3%

HALBERSTADT FINANCIAL CONSULTANTS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HALBERSTADT FINANCIAL CONSULTANTS, INC. PROFIT SHARING 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