Plan Snapshot
- Plan Sponsor: H & P Technologies, INC.
- Sponsor EIN: 381389811
- Sponsor Address: 23751 AMBER AVE., WARREN, MI, 48089
- Plan Type: 401(k)
- Total Participants: 169
- Total Assets: $21.4M
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 | 169 | $21.4M | $204,414 | $1.2M |
| 2023 | 174 | $18.9M | $156,239 | $888,675 |
| 2022 | 114 | $15.1M | $140,967 | $776,152 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH RETIREMENT & BENEFIT | NONE | $37,692 | — | $37,692 |
| ASCENSUS LLC | NONE | $19,320 | — | $19,320 |
| H & P TECHNOLOGIES INC | NONE | $11,500 | — | $11,500 |
| GORDON ADVISORS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GORDON ADVISORS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $68,512
- Estimated Expense Ratio: 0.320% 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 | $68,512 | $37,692 | $19,320 | — | — |
| 2023 | $34,907 | $7,900 | $16,507 | — | — |
| 2022 | $27,186 | — | $17,186 | — | $10,000 |