Retirement plan

HERITAGE PROPERTIES, INC. EMPLOYEE RETIREMENT PLAN

Name: HERITAGE PROPERTIES, INC. - HERITAGE PROPERTIES, INC. EMPLOYEE RETIREMENT PLAN (2024) Form 5500
Creator: HERITAGE PROPERTIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HERITAGE PROPERTIES, INC. EMPLOYEE RETIREMENT PLAN, HERITAGE PROPERTIES, INC.

HERITAGE PROPERTIES, INC.EIN 64-0665203Plan #001PY 2024

116 ONE MADISON PLACE,, SUITE 2100 - MADISON, MS 39110601-605-1015heritageproperties.comLinkedIn201-500 employeesreal estate

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$4.9M

+11.7% from 2023

Total participants

216

-4.4% from 2023

Average account balance

$32,005

+16.1% from 2023

Annual return

9.74%

-5.73 pp from 2023

Benchmarks

See 1,090 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,090 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.90M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

153

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.

64.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$721K

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

+9.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$175

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 3 by compensation

Provider	Service type	Compensation
RENASANT BANK3 years Service code 21 209 TROY ST · TUPELO, MS 38802	Bank Trustee	$11,233
EPIC RETIREMENT PLAN SERVICES2 years Service code 15 · EIN 16-1450952	Recordkeeping	$9,176
BANKPLUS WEALTH MANAGEMENT2 years Filed as: BANKPLUS WEALTH MANAGMENT Service code 27 · EIN 64-0134513	Advisory (Plan)	$8,980

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$27K

$150 / participant

Recordkeeping$6K24.3%
Trustee / custodial$11K42.1%
Investment mgmt$9K33.6%

% of EOY assets

0.545%

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: MATTHEWS, CUTRER AND LINDSEY, P.A.
Auditor EIN: 640897081
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,005

$73,532-56.5%

$178,505-82.1%

$74,478-57.0%

Participation rate

64.6%

66.6%-2.0pp

77.1%-12.5pp

67.2%-2.6pp

Annual return

9.74%

17.49%-7.8pp

27.16%-17.4pp

1370.56%-1360.8pp

Employer contribution / active EE

$1,144

$2,221-48.5%

$3,955-71.1%

$2,626-56.4%

Participant deferral / active EE

$2,905

$4,519-35.7%

$6,280-53.8%

$4,350-33.2%

Admin fee / account holder

$175

$1,813-90.4%

$10,428-98.3%

$1,946-91.0%

Provider

Service type

Compensation

RENASANT BANK3 years

Service code 21

209 TROY ST · TUPELO, MS 38802

Bank Trustee

$11,233

EPIC RETIREMENT PLAN SERVICES2 years

Service code 15 · EIN 16-1450952

Recordkeeping

$9,176

BANKPLUS WEALTH MANAGEMENT2 years

Filed as: BANKPLUS WEALTH MANAGMENT

Service code 27 · EIN 64-0134513

Advisory (Plan)

$8,980

HERITAGE PROPERTIES, INC. EMPLOYEE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HERITAGE PROPERTIES, INC. EMPLOYEE RETIREMENT 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