Plan Snapshot
- Plan Sponsor: Hadco Construction
- Sponsor EIN: 201920952
- Sponsor Address: 1450 WEST 1850 NORTH, LEHI, UT, 84043
- Plan Type: 401(k)
- Total Participants: 528
- Total Assets: $10.6M
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 | 528 | $10.6M | $872,413 | $1.6M |
| 2023 | 455 | $8.3M | $438,751 | $1.3M |
| 2022 | 402 | $6.0M | $338,151 | $1.1M |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $36,591 | — | $36,591 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $27,386 | — | $27,386 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $16,077 | — | $16,077 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,054
- Estimated Expense Ratio: 0.758% 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 | $80,054 | $52,668 | — | — | — |
| 2023 | $60,290 | $39,372 | — | — | — |
| 2022 | $47,645 | $32,929 | $14,716 | — | — |