Plan Snapshot
- Plan Sponsor: Hallmark Financial Services INC
- Sponsor EIN: 750439860
- Sponsor Address: TWO LINCOLN CENTRE, DALLAS, TX, 752402345
- Plan Type: DB
- Total Participants: 5
- Total Assets: $10.2M
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 | 5 | $10.2M | $0 | $0 |
| 2023 | 6 | $10.1M | $0 | $0 |
| 2022 | 6 | $9.6M | $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 |
|---|---|---|---|---|
| USI CONSULTING GROUP | NONE | $49,767 | — | $49,767 |
| NFP RETIREMENT INC. | NONE | $25,000 | — | $25,000 |
| GRANT THORNTON, LLP | NONE | $23,175 | — | $23,175 |
| PRINCIPAL FINANCIAL GROUP, INC. | NONE | $11,274 | — | $11,274 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NFP RETIREMENT INC. — NONE
- GRANT THORNTON, LLP — NONE
- PRINCIPAL FINANCIAL GROUP, INC. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $109,216
- Estimated Expense Ratio: 1.066% 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 | $136,486 | $25,000 | — | $23,175 | — |
| 2023 | $276,830 | $25,000 | — | $70,920 | — |
| 2022 | $106,241 | $20,529 | $11,616 | — | $48,576 |