Plan Snapshot
- Plan Sponsor: Harman International Industries, Incorporated
- Sponsor EIN: 112534306
- Sponsor Address: 400 ATLANTIC STREET, STAMFORD, CT, 069013512
- Plan Type: 401(k)
- Total Participants: 2,137
- Total Assets: $737.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 2,137 | $737.0M | $19.5M | $31.3M |
| 2023 | 2,195 | $640.2M | $17.8M | $28.7M |
| 2022 | 2,045 | $536.8M | $16.2M | $25.9M |
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 | $183,817 | — | $183,817 |
| BDO USA, P.C. | ACCOUNTANT/AUDITOR | $54,183 | — | $54,183 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- BDO USA, P.C. — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $238,000
- Estimated Expense Ratio: 0.032% 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 | $238,335 | — | $1,200 | $54,183 | — |
| 2023 | $222,262 | — | $1,800 | $36,250 | — |
| 2022 | $241,232 | — | — | — | — |