Plan Snapshot
- Plan Sponsor: Federated Hermes, INC.
- Sponsor EIN: 251111467
- Sponsor Address: 1001 LIBERTY AVENUE, PITTSBURGH, PA, 15222
- Plan Type: 401(k)
- Total Participants: 1,461
- Total Assets: $693.5M
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 | 1,461 | $693.5M | $7.5M | $17.6M |
| 2023 | 1,426 | $608.1M | $7.0M | $16.9M |
| 2022 | 1,398 | $550.1M | $6.9M | $15.7M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $139,425 | — | $139,425 |
| GYL FINANCIAL SYNERGIES, LLC | CONSULTING | $65,000 | — | $65,000 |
| SCHNEIDER DOWNS | ACCOUNTING | $34,798 | — | $34,798 |
| CHARLES SCHWAB & CO., INC. | BROKERAGE SERVICES | $6,585 | — | $6,585 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CHARLES SCHWAB & CO., INC. — BROKERAGE SERVICES
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $245,808
- Estimated Expense Ratio: 0.035% 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 | $239,706 | — | $239,706 | — | — |
| 2023 | $173,812 | — | $141,445 | $32,367 | — |
| 2022 | $192,050 | — | $192,050 | — | — |