Plan Snapshot
- Plan Sponsor: Hargrove And Associates, INC.
- Sponsor EIN: 721352530
- Sponsor Address: 20 S. ROYAL STREET, MOBILE, AL, 36602
- Plan Type: 401(k)
- Total Participants: 2,473
- Total Assets: $250.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 2,473 | $250.9M | $6.6M | $26.5M |
| 2023 | 2,477 | $203.8M | $6.6M | $25.6M |
| 2022 | 2,151 | $151.2M | $3.5M | $22.1M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $197,903 | — | $197,903 |
| REGIONS BANK | ADVISOR | $70,000 | — | $70,000 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $55,770 | — | $55,770 |
| HARDING, SHYMANSKI & COMPANY, PSC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- HARDING, SHYMANSKI & COMPANY, PSC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $323,673
- Estimated Expense Ratio: 0.129% 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 | $323,673 | $125,770 | $300 | — | — |
| 2023 | $250,480 | $103,911 | $2,100 | — | — |
| 2022 | $296,479 | $15,078 | — | — | — |