Plan Snapshot
- Plan Sponsor: Bank Hapoalim B.M.
- Sponsor EIN: 132775750
- Sponsor Address: 1120 AVENUE OF THE AMERICAS, NEW YORK, NY, 100366700
- Plan Type: 401(k)
- Total Participants: 249
- Total Assets: $64.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 249 | $64.1M | $1.4M | $3.2M |
| 2023 | 244 | $57.9M | $1.3M | $3.1M |
| 2022 | 215 | $47.3M | $1.1M | $2.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $162,016 | $1,780 | $163,796 |
| NEWPORT GROUP SECURITIES | INVESTMENT ADVISORY | — | $57,368 | $57,368 |
| ROGOFF & COMPANY PC | ACCOUNTANT | — | $18,000 | $18,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $239,164
- Estimated Expense Ratio: 0.373% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $162,016 | — | $162,016 | — | — |
| 2023 | $135,027 | — | $135,027 | — | — |
| 2022 | $127,919 | — | $127,919 | — | — |