Plan Snapshot
- Plan Sponsor: Hansen Plastics Corporation
- Sponsor EIN: 362932919
- Sponsor Address: 2758 ALFT LANE, ELGIN, IL, 601247899
- Plan Type: 401(k)
- Plan Number: 004
- Total Participants: 92
- Total Assets: $2.5M
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 | 92 | $2.5M | $0 | $249,238 |
| 2023 | 105 | $2.6M | $0 | $282,699 |
| 2022 | 130 | $2.4M | $0 | $277,931 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $30,767 | — | $30,767 |
| CHICAGO INVESTMENT ADVISORY COUNCIL | Investment Advisor | — | $12,744 | $12,744 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,511
- Estimated Expense Ratio: 1.733% 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 | $30,768 | — | $30,768 | — | — |
| 2023 | $30,576 | — | $30,576 | — | — |
| 2022 | $28,356 | — | $28,356 | — | — |