Retirement plan

HALLETT & PERRIN, P. C. 401(K) PROFIT SHARING PLAN

Name: HALLETT & PERRIN, P.C. - HALLETT & PERRIN, P. C. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: HALLETT & PERRIN, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HALLETT & PERRIN, P. C. 401(K) PROFIT SHARING PLAN, HALLETT & PERRIN, P.C.

HALLETT & PERRIN, P.C.EIN 75-2843965Plan #001PY 2023

1445 ROSS AVENUE, SUITE 2400 - DALLAS, TX 75202214-922-4133

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$39.6M

+3.9% from 2022

Total participants

-1.0% from 2022

Average account balance

$454,951

+3.9% from 2022

Annual return

17.30%

+33.26 pp from 2022

Benchmarks

See 28,714 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,714 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$45.41M

Not enough data

1 years with asset history on file

Average account balance

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

$522K

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.

140.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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)

$26330

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 codes2E2F2G2J

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$6.8M

$104776 / participant

Other / not subdivided$7M100.0%

% of EOY assets

17.207%

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

$454,951

$93,589+386.1%

$135,942+234.7%

$75,181+505.1%

Participation rate

86.2%

75.2%+11.0pp

81.9%+4.2pp

67.2%+19.0pp

Annual return

17.30%

30.90%-13.6pp

68.28%-51.0pp

160.69%-143.4pp

Employer contribution / active EE

$16,354

$3,537+362.3%

$4,858+236.7%

$2,671+512.4%

Participant deferral / active EE

$10,036

$6,405+56.7%

$7,759+29.4%

$4,126+143.3%

Admin fee / account holder

$78,281

$6,977+1021.9%

$10,764+627.2%

$5,650+1285.5%

HALLETT & PERRIN, P. C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HALLETT & PERRIN, P. C. 401(K) 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