# Federated Hermes, INC. 401(k) Plan
Source: https://planprovider.pro/companies/federated-hermes-inc-401k-plan

> Federated Hermes, INC.'s 401(k) plan: 1,461 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/charles-schwab-and-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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/federated-hermes-inc-401k-plan)

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