Plan Snapshot
- Plan Sponsor: Hammond Group, INC.
- Sponsor EIN: 350362850
- Sponsor Address: 2901 CARLSON DRIVE SUITE 200, HAMMOND, IN, 463231738
- Plan Type: 401(k)
- Total Participants: 90
- Total Assets: $33.0M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 90 | $33.0M | $375,693 | $760,274 |
| 2023 | 105 | $31.0M | $389,595 | $785,091 |
| 2022 | 112 | $29.5M | $428,662 | $855,907 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $13,903 | — | $13,903 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,903
- Estimated Expense Ratio: 0.042% 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 | $14,639 | $736 | — | — | — |
| 2023 | $12,886 | $494 | — | — | — |
| 2022 | $14,572 | $9,807 | $4,765 | — | — |