Plan Snapshot
- Plan Sponsor: Bank Hapoalim B.M.
- Sponsor EIN: 132775750
- Sponsor Address: 1120 AVENUE OF THE AMERICAS, NEW YORK, NY, 100366700
- Plan Type: DB
- Total Participants: 74
- Total Assets: $63.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 74 | $63.1M | $0 | $0 |
| 2023 | 83 | $66.4M | $0 | $0 |
| 2022 | 95 | $63.0M | $0 | $0 |
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 | $145,186 | — | $145,186 |
| NEWPORT GROUP CONSULTING | INVESTMENT ADVISORY | $85,520 | — | $85,520 |
| ROGOFF & COMPANY | ACCOUNTANT | $34,000 | — | $34,000 |
| NEWPORT GROUP CONSULTING | INVESTMENT ADVISORY | $21,022 | — | $21,022 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $285,728
- Estimated Expense Ratio: 0.453% 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 | $285,728 | $106,542 | $145,186 | $34,000 | — |
| 2023 | $197,893 | $60,501 | $137,392 | — | — |
| 2022 | $180,654 | $76,375 | $96,779 | — | $7,500 |