Plan Snapshot
- Plan Sponsor: Hahn Ready-Mix Company
- Sponsor EIN: 421303110
- Sponsor Address: 3636 WEST RIVER DRIVE, DAVENPORT, IA, 52802
- Plan Type: 401(k)
- Total Participants: 129
- Total Assets: $6.8M
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 | 129 | $6.8M | $393,457 | $611,130 |
| 2023 | 134 | $6.6M | $305,483 | $508,439 |
| 2022 | 127 | $5.4M | $291,179 | $484,310 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $45,800 | — | $45,800 |
| QPC, LLC | Recordkeeper | — | $24,640 | $24,640 |
| PRINCIPAL SECURITIES INC | Other Service Provider | — | $10,205 | $10,205 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,645
- Estimated Expense Ratio: 1.191% 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 | $45,800 | — | $40,106 | — | — |
| 2023 | $74,024 | — | $74,024 | — | — |
| 2022 | $60,451 | — | $60,451 | — | — |