Plan Snapshot
- Plan Sponsor: H Mart INC.
- Sponsor EIN: 263957673
- Sponsor Address: 300 CHUBB AVENUE, LYNDHURST, NJ, 07071
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 3,143
- Total Assets: $33.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2025 | 3,143 | $33.2M | $0 | $0 |
| 2024 | 3,748 | $22.7M | $2.7M | $4.9M |
| 2023 | 3,972 | $13.8M | $2.6M | $4.3M |
| 2022 | 3,330 | $5.7M | $2.2M | $3.7M |
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 |
|---|---|---|---|---|
| NATIONWIDE RETIREMENT PLANS | Other Service Provider | $87,906 | — | $87,906 |
| ALLMERITS ASSET, LLC | Other Service Provider | $86,111 | — | $86,111 |
| PROACCOUNT | Investment Advisor | $52,711 | — | $52,711 |
| NATIONWIDE | Other Service Provider | $15,394 | $814 | $16,208 |
| IRON FIDUCIARY | Other Service Provider | $14,354 | — | $14,354 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $257,290
- Estimated Expense Ratio: 0.774% 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 |
|---|---|---|---|---|---|
| 2025 | $1,676,588 | — | — | $12,570 | — |
| 2024 | $141,824 | — | — | — | — |
| 2023 | $114,390 | — | $114,390 | — | — |
| 2022 | — | — | — | — | — |