Retirement plan

HARVEST PROPERTIES, INC. 401(K) PLAN

Name: HARVEST PROPERTIES, INC. - HARVEST PROPERTIES, INC. 401(K) PLAN (2023) Form 5500
Creator: HARVEST PROPERTIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HARVEST PROPERTIES, INC. 401(K) PLAN, HARVEST PROPERTIES, INC.

HARVEST PROPERTIES, INC.EIN 94-3398804Plan #001PY 2023

180 GRAND AVE, SUITE 1400 - OAKLAND, CA 94612510-594-2050harvestproperties.comLinkedIn51-200 employeescommercial real estate

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$22.3M

+26.8% from 2022

Total participants

156

+11.4% from 2022

Average account balance

$142,902

+12.2% from 2022

Annual return

20.41%

+36.36 pp from 2022

Benchmarks

See 4,117 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants25-99

Cohort4,117 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.69M

Not enough data

1 years with asset history on file

Average account balance

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

$225K

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.

132

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.

97.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+18.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$409

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 2 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 27 · EIN 20-8764829	Advisory (Plan)	$35,900
FIDELITY INVESTMENTS INSTITUTIONAL6 years Service code 60 · EIN 04-2647786	Sub-TA Fees	$9,051

Plan features & details

Pension benefit codes2F2G2J2K2T2E3D

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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$45K

$817 / participant

Recordkeeping$9K20.1%
Investment mgmt$36K79.9%

% of EOY assets

0.202%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FRANK RIMERMAN CO. LLP
Auditor EIN: 941341042
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$142,902

$70,684+102.2%

$169,390-15.6%

$75,173+90.1%

Participation rate

100.0%

64.8%+35.2pp

77.2%+22.8pp

67.2%+32.8pp

Annual return

20.41%

36.38%-16.0pp

406.07%-385.7pp

160.72%-140.3pp

Employer contribution / active EE

$11,611

$2,211+425.2%

$4,013+189.4%

$2,671+334.7%

Participant deferral / active EE

$15,391

$4,310+257.1%

$6,222+147.3%

$4,126+273.0%

Admin fee / account holder

$288

$5,404-94.7%

$9,015-96.8%

$5,651-94.9%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 27 · EIN 20-8764829

Advisory (Plan)

$35,900

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$9,051

HARVEST PROPERTIES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARVEST PROPERTIES, INC. 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