# Hansen Plastics Corporation 401(k) Plan
Source: https://planprovider.pro/companies/hansen-plastics-corporation-362932919-004

> Hansen Plastics Corporation's 401(k) plan: 92 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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