Retirement plan

STRONGPOINT PARTNERS 401(K) PLAN

Name: HOWARDSIMON, LLC D/B/A STRONGPOINT PARTNERS, LLC - STRONGPOINT PARTNERS 401(K) PLAN (2024) Form 5500
Creator: HOWARDSIMON, LLC D/B/A STRONGPOINT PARTNERS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STRONGPOINT PARTNERS 401(K) PLAN, HOWARDSIMON, LLC D/B/A STRONGPOINT PARTNERS, LLC

HOWARDSIMON, LLC D/B/A STRONGPOINT PARTNERS, LLCEIN 83-2417265Plan #001PY 2024

30 N. LASALLE STREET, SUITE 2624 - CHICAGO, IL 60602847-945-0340

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$34.4M

+134.8% from 2023

Total participants

351

+62.5% from 2023

Average account balance

$114,273

+50.6% from 2023

Annual return

152.00%

+115.64 pp from 2023

Benchmarks

See 3,310 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,310 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.40M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

301

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.

102.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.52M

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

+152.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16773

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 codes2E2F2G2J3D3H

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$5.0M

$17231 / participant

Other / not subdivided$5M100.0%

% of EOY assets

14.678%

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

$114,273

$106,110+7.7%

$147,005-22.3%

$77,671+47.1%

Participation rate

82.9%

78.4%+4.5pp

82.2%+0.8pp

70.6%+12.4pp

Annual return

152.00%

56.77%+95.2pp

418.76%-266.8pp

31.21%+120.8pp

Employer contribution / active EE

$2,526

$4,065-37.9%

$4,934-48.8%

$2,726-7.4%

Participant deferral / active EE

$6,084

$7,992-23.9%

$8,070-24.6%

$4,648+30.9%

Admin fee / account holder

$16,773

$338+4866.6%

$13,006+29.0%

$430+3797.1%

STRONGPOINT PARTNERS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STRONGPOINT PARTNERS 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