# H Mart INC. 401(k) Plan
Source: https://planprovider.pro/companies/h-mart-inc-401k-plan

> H Mart INC.&#39;s 401(k) plan: 3,748 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** H Mart INC.

- **Sponsor EIN:** 263957673

- **Sponsor Address:** 300 CHUBB AVENUE, LYNDHURST, NJ, 07071

- **Plan Type:** 401(k)

- **Total Participants:** 3,748

- **Total Assets:** $22.7M

## 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.|

| 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|NONE|$59,975|—|$59,975|

| ALLMERITS ASSET, LLC|NONE|$59,412|—|$59,412|

| PROACCOUNT|INVESTMENT ADVISORY|$28,918|—|$28,918|

| IRON FIDUCIARY|NONE|$9,903|—|$9,903|

| LEE CPA AUDIT GROUP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [NATIONWIDE](https://planprovider.pro/provider/nationwide) — NONE

- [ALLMERITS ASSET, LLC](https://planprovider.pro/provider/allmerits) — NONE

- [PROACCOUNT](https://planprovider.pro/provider/nationwide-mutual-insurance-company) — INVESTMENT ADVISORY

- [LEE CPA AUDIT GROUP](https://planprovider.pro/provider/lee-cpa-audit-group) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $158,208

- **Estimated Expense Ratio:** 0.696% 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|$141,824|—|—|—|—|

| 2023|$114,390|—|$114,390|—|—|

| 2022|—|—|—|—|—|

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