Plan Snapshot
- Plan Sponsor: Hamricks, INC.
- Sponsor EIN: 570513561
- Sponsor Address: 742 PEACHOID ROAD, GAFFNEY, SC, 29341
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 702
- Total Assets: $12.7M
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. |
|---|---|---|---|---|
| 2025 | 702 | $12.7M | $0 | $0 |
| 2024 | 559 | $11.2M | $0 | $301,064 |
| 2023 | 560 | $9.8M | $0 | $296,466 |
| 2022 | 577 | $9.7M | $0 | $308,322 |
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, PIERCE, FENNER AND S | Recordkeeper | $31,943 | — | $31,943 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,943
- Estimated Expense Ratio: 0.252% 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 |
|---|---|---|---|---|---|
| 2025 | $396,480 | — | — | — | — |
| 2024 | $27,612 | — | — | — | — |
| 2023 | $26,843 | — | — | — | — |
| 2022 | $29,804 | — | — | — | — |