Plan Snapshot
- Plan Sponsor: H.I.G. Capital Management, LLC
- Sponsor EIN: 472255631
- Sponsor Address: 1450 BRICKELL AVE, 31ST FLOOR, MIAMI, FL, 33131
- Plan Type: 401(k)
- Total Participants: 696
- Total Assets: $122.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 696 | $122.3M | $1.4M | $11.9M |
| 2023 | 687 | $96.5M | $1.8M | $10.8M |
| 2022 | 650 | $71.6M | $429,906 | $8.6M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $5,894 | — | $5,894 |
| KSDT CPA | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,894
- Estimated Expense Ratio: 0.005% 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 | $5,894 | — | — | — | — |
| 2023 | $5,038 | — | — | — | — |
| 2022 | $3,838 | — | — | — | — |