# Bank Hapoalim B.M. DB Plan
Source: https://planprovider.pro/companies/bank-hapoalim-b-m-plan-001

> Bank Hapoalim B.M.'s DB plan: 74 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:** 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|

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