# Haemonetics Corporation 401(k) Plan
Source: https://planprovider.pro/companies/haemonetics-corporation-401k-plan

> Haemonetics Corporation's 401(k) plan: 1,238 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Haemonetics Corporation

- **Sponsor EIN:** 042882273

- **Sponsor Address:** 125 SUMMER STREET, BOSTON, MA, 02110

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

- **Total Participants:** 1,238

- **Total Assets:** $276.2M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** Yes

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|1,238|$276.2M|$8.9M|$15.0M|

| 2023|1,254|$239.3M|$7.7M|$12.9M|

| 2022|1,087|$195.7M|$6.5M|$10.9M|

## 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|

| JOHN HANCOCK|RETAINED BY EMPLOYER|$179,988|—|$179,988|

| FIDUCIENT ADVISORS LLC|RETAINED BY EMPLOYER|$60,551|—|$60,551|

| JACKSON LEWIS P.C.|RETAINED BY EMPLOYER|$5,061|—|$5,061|

| GRAY, GRAY & GRAY LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [JOHN HANCOCK](https://planprovider.pro/provider/john-hancock) — RETAINED BY EMPLOYER

- [JACKSON LEWIS P.C.](https://planprovider.pro/provider/jackson-lewis-pc) — RETAINED BY EMPLOYER

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $245,600

- **Estimated Expense Ratio:** 0.089% 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|$346,172|$60,551|$280,560|—|—|

| 2023|$362,369|$66,101|$272,518|$23,750|—|

| 2022|$353,556|$43,325|$267,481|—|$42,750|

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