Plan Snapshot
- Plan Sponsor: Hanwha Vision America, INC.
- Sponsor EIN: 223015117
- Sponsor Address: 100 CHALLENGER ROAD, RIDGEFIELD PARK, NJ, 07660
- Plan Type: 401(k)
- Total Participants: 375
- Total Assets: $22.1M
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 | 375 | $22.1M | $771,492 | $2.8M |
| 2023 | 328 | $17.3M | $530,836 | $2.3M |
| 2022 | 279 | $12.5M | $380,027 | $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 |
|---|---|---|---|---|
| ORENDA RETIREMENT LLC | CONTRACT ADMINISTRATOR | $73,200 | $7,819 | $81,019 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $59,524 | — | $59,524 |
| TRAILBREAKER ACCOUNTING PLLC | Auditor | $32,500 | — | $32,500 |
| SBHI LIFE AGENCY INC | OTHER SERVICES | — | $16,151 | $16,151 |
| MORGAN STANLEY | INVESTMENT ADVISORY | $11,871 | — | $11,871 |
| VOYA FINANCIAL ADVISORS INC | OTHER SERVICES | — | $6,976 | $6,976 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SBHI LIFE AGENCY INC — OTHER SERVICES
- MORGAN STANLEY — INVESTMENT ADVISORY
- VOYA FINANCIAL ADVISORS INC — OTHER SERVICES
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $208,041
- Estimated Expense Ratio: 0.941% 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 | $144,590 | $11,870 | $100,220 | $32,500 | — |
| 2023 | $84,117 | — | $72,119 | $11,998 | — |
| 2022 | $72,812 | — | $57,876 | — | $14,936 |