Plan Snapshot
- Plan Sponsor: Hannoush Jewelers, INC.
- Sponsor EIN: 270539783
- Sponsor Address: 1769 RIVERDALE STREET, WEST SPRINGFIELD, MA, 01089
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 74
- Total Assets: $9.6M
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 | 74 | $9.6M | $43,820 | $274,083 |
| 2023 | 85 | $11.3M | $46,352 | $308,773 |
| 2022 | 90 | $10.4M | $48,827 | $235,495 |
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 | Recordkeeper | $42,354 | — | $42,354 |
| PASI | Other Service Provider | — | $5,255 | $5,255 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,609
- Estimated Expense Ratio: 0.495% 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 | $41,175 | — | $41,175 | — | — |
| 2023 | $40,546 | — | $40,546 | — | — |
| 2022 | $66,491 | — | $66,491 | — | — |