Retirement plan

HERTZ INVESTMENT GROUP, INC. 401(K) PROFIT SHARING PLAN AND T

Name: HERTZ INVESTMENT GROUP, INC. - HERTZ INVESTMENT GROUP, INC. 401(K) PROFIT SHARING PLAN AND T (2023) Form 5500
Creator: HERTZ INVESTMENT GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HERTZ INVESTMENT GROUP, INC. 401(K) PROFIT SHARING PLAN AND T, HERTZ INVESTMENT GROUP, INC.

HERTZ INVESTMENT GROUP, INC.EIN 95-4627972Plan #001PY 2023

15303 VENTURA BLVD, SUITE 800 - SHERMAN OAKS, CA 91403310-584-8025hertzgroup.comLinkedIn51-200 employeesinvestment management

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$14.9M

+5.1% from 2022

Total participants

323

-4.4% from 2022

Average account balance

$51,301

+8.7% from 2022

Annual return

13.78%

+29.72 pp from 2022

Benchmarks

See 1,068 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,068 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.94M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

244

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.

86.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

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

+11.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$160

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
ADP BROKER-DEALER4 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$8,526
ADP BROKER-DEALER7 years Service code 49 · EIN 22-3319984	Other Services	$0
SNOWDEN CAPITAL ADVISORS LLC2 years Service code 49 225 S LAKE AVE · PASADENA, CA 91101	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$188K

$978 / participant

Recordkeeping$5K2.4%
Investment mgmt$5K2.8%
Other / not subdivided$178K94.8%

% of EOY assets

1.257%

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: FARBER HASS HURLEY LLP
Auditor EIN: 204207759
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,301

$65,428-21.6%

$169,390-69.7%

$71,511-28.3%

Participation rate

83.3%

66.9%+16.5pp

77.2%+6.2pp

67.9%+15.4pp

Annual return

13.78%

21.35%-7.6pp

406.07%-392.3pp

28.86%-15.1pp

Employer contribution / active EE

$1,889

$2,064-8.5%

$4,013-52.9%

$2,589-27.0%

Participant deferral / active EE

$5,309

$4,360+21.8%

$6,222-14.7%

$4,291+23.7%

Admin fee / account holder

$645

$1,328-51.4%

$9,015-92.8%

$1,588-59.4%

Provider

Service type

Compensation

ADP BROKER-DEALER4 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$8,526

ADP BROKER-DEALER7 years

Service code 49 · EIN 22-3319984

Other Services

SNOWDEN CAPITAL ADVISORS LLC2 years

Service code 49

225 S LAKE AVE · PASADENA, CA 91101

Other Services

HERTZ INVESTMENT GROUP, INC. 401(K) PROFIT SHARING PLAN AND T

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HERTZ INVESTMENT GROUP, INC. 401(K) PROFIT SHARING PLAN AND T

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