# Handcraft Cleaners & Launderers, INC 401(k) Plan
Source: https://planprovider.pro/companies/handcraft-cleaners-launderers-inc-401k-plan

> Handcraft Cleaners & Launderers, INC's 401(k) plan: 261 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Handcraft Cleaners & Launderers, INC

- **Sponsor EIN:** 540884061

- **Sponsor Address:** 2810 COFER ROAD, RICHMOND, VA, 23224

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

- **Total Participants:** 261

- **Total Assets:** $9.9M

## 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|261|$9.9M|$402,535|$694,866|

| 2023|238|$8.1M|$373,799|$680,927|

| 2022|232|$5.9M|$291,607|$552,935|

## 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|

| PB MARES, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [PB MARES, LLP](https://planprovider.pro/provider/pbmares-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $0

### 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|$70,193|—|$70,193|—|—|

| 2023|$57,530|—|$55,260|—|—|

| 2022|$46,988|—|$46,328|—|$660|

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