Plan Snapshot
- Plan Sponsor: Hancock Roofing & Construction, LLC Dba Hancock Claims Consultants
- Sponsor EIN: 450502441
- Sponsor Address: 6875 SHILOH ROAD EAST, ALPHARETTA, GA, 30005
- Plan Type: 401(k)
- Total Participants: 227
- Total Assets: $4.8M
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. |
|---|---|---|---|---|
| 2024 | 227 | $4.8M | $392,722 | $700,889 |
| 2023 | 246 | $4.2M | $346,444 | $613,828 |
| 2022 | 181 | $3.3M | $285,045 | $488,531 |
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 & SMITH | Investment Advisor | $14,905 | — | $14,905 |
| EMPOWER ANNUITY INS CO OF AMERICA | Recordkeeper | $11,042 | — | $11,042 |
| FIDUCIARY WISE LLC | Other Service Provider | $5,000 | — | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,947
- Estimated Expense Ratio: 0.642% 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 | $33,304 | $17,262 | — | — | — |
| 2023 | $30,897 | $18,620 | — | — | — |
| 2022 | $6,692 | $3,472 | $3,220 | — | — |