Plan Snapshot
- Plan Sponsor: Hanover Foods Corporation
- Sponsor EIN: 230670710
- Sponsor Address: 1550 YORK STREET, HANOVER, PA, 17331
- Plan Type: 401(k)
- Total Participants: 640
- Total Assets: $41.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 640 | $41.3M | $525,580 | $1.7M |
| 2023 | 651 | $39.1M | $456,551 | $1.7M |
| 2022 | 713 | $34.8M | $351,984 | $1.7M |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | RECORDKEEPER | $83,117 | — | $83,117 |
| PNC INSTITUTIONAL ASSET MANAGEMENT | ADVISOR | $48,159 | — | $48,159 |
| NEWPORT TRUST COMPANY | TRUSTEE | $15,751 | — | $15,751 |
| RKL LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RKL LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $147,027
- Estimated Expense Ratio: 0.356% 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 | $149,481 | — | $149,481 | — | — |
| 2023 | $143,897 | $35,832 | $97,384 | — | — |
| 2022 | $86,827 | $17,231 | $69,596 | — | — |