Plan Snapshot
- Plan Sponsor: Hanover College
- Sponsor EIN: 350868096
- Sponsor Address: 517 BALL DRIVE, HANOVER, IN, 47243
- Plan Type: 403(b)
- Total Participants: 307
- Total Assets: $70.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 307 | $70.4M | $1.2M | $1.4M |
| 2023 | 322 | $67.7M | $1.2M | $1.3M |
| 2022 | 311 | $59.5M | $1.1M | $1.4M |
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 |
|---|---|---|---|---|
| KESTRA ADVISORY SERVICES LLC | NONE | $27,500 | — | $27,500 |
| TIAA | NONE | $6,744 | — | $6,744 |
| CAPIN CROUSE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KESTRA ADVISORY SERVICES LLC — NONE
- TIAA — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,244
- Estimated Expense Ratio: 0.049% 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 | $34,244 | $32,286 | $933 | — | — |
| 2023 | $46,472 | $18,268 | $441 | $27,163 | — |
| 2022 | $81,079 | $68,750 | — | — | $7,844 |