Plan Snapshot
- Plan Sponsor: Hartfiel Automation, INC.
- Sponsor EIN: 410874525
- Sponsor Address: 6533 FLYING CLOUD DRIVE, SUITE 100, EDEN PRAIRIE, MN, 55344
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 270
- Total Assets: $27.3M
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. |
|---|---|---|---|---|
| 2025 | 270 | $27.3M | $0 | $0 |
| 2024 | 193 | $25.4M | $699,449 | $1.3M |
| 2023 | 231 | $24.4M | $690,149 | $1.3M |
| 2022 | 205 | $21.4M | $661,743 | $1.3M |
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 |
|---|---|---|---|---|
| ENVESTNET RETIREMENT SOLUTIONS | Other Service Provider | $13,168 | — | $13,168 |
| ASCENSUS | Recordkeeper | — | $12,944 | $12,944 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $26,112
- Estimated Expense Ratio: 0.096% 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 |
|---|---|---|---|---|---|
| 2025 | $3,860,725 | — | $26,109 | — | — |
| 2024 | $25,118 | — | $25,118 | — | — |
| 2023 | $30,976 | — | $30,976 | — | — |
| 2022 | $17,967 | — | $17,967 | — | — |