# Bank Hapoalim B.M. 401(k) Plan
Source: https://planprovider.pro/companies/bank-hapoalim-b-m-401k-plan-002

> Bank Hapoalim B.M.'s 401(k) plan: 249 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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