Retirement plan

HILL WEST ARCHITECTS LLP 401(K) PROFIT SHARING PLAN & TRUST

Name: HILL WEST ARCHITECTS LLP - HILL WEST ARCHITECTS LLP 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: HILL WEST ARCHITECTS LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HILL WEST ARCHITECTS LLP 401(K) PROFIT SHARING PLAN & TRUST, HILL WEST ARCHITECTS LLP

HILL WEST ARCHITECTS LLPEIN 27-0607495Plan #001PY 2024

11 BROADWAY STE 1700 - NEW YORK, NY 100041390212-213-8007hillwest.comLinkedIn51-200 employeesarchitecture & planning

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$7.2M

+21.7% from 2023

Total participants

116

-25.6% from 2023

Average account balance

$70,267

+65.9% from 2023

Annual return

16.79%

-2.42 pp from 2023

Benchmarks

See 10,689 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,689 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.17M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

102

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.

83.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$427K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$73

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 1 by compensation

Provider	Service type	Compensation
PAYCHEX, INC.9 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625	Recordkeeping	$7,181

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$7K

$87 / participant

Trustee / custodial$86011.5%
Investment mgmt$4506.0%
Contract admin$6K82.4%

% of EOY assets

0.104%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CITRIN COOPERMAN & COMPANY LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,267

$58,234+20.7%

$81,783-14.1%

$80,874-13.1%

Participation rate

83.7%

63.4%+20.3pp

72.4%+11.4pp

67.6%+16.1pp

Annual return

16.79%

41.70%-24.9pp

775.05%-758.3pp

35.62%-18.8pp

Employer contribution / active EE

$2,341-100.0%

$2,913-100.0%

$2,756-100.0%

Participant deferral / active EE

$4,966

$3,283+51.3%

$4,320+14.9%

$4,297+15.6%

Admin fee / account holder

$73

$4,982-98.5%

$7,380-99.0%

$6,935-98.9%

Provider

Service type

Compensation

PAYCHEX, INC.9 years

Service code 15 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 14625

Recordkeeping

$7,181

HILL WEST ARCHITECTS LLP 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HILL WEST ARCHITECTS LLP 401(K) PROFIT SHARING PLAN & TRUST

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