Plan Snapshot
- Plan Sponsor: Hawthorne Residential Partners
- Sponsor EIN: 264141876
- Sponsor Address: 804 GREEN VALLEY ROAD, SUITE 300, GREENSBORO, NC, 27408
- Plan Type: 401(k)
- Total Participants: 1,398
- Total Assets: $26.9M
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 | 1,398 | $26.9M | $2.0M | $4.1M |
| 2023 | 1,172 | $20.0M | $1.6M | $3.5M |
| 2022 | 1,109 | $14.0M | $923,152 | $2.8M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $114,148 | — | $114,148 |
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | INVESTMENT ADVISOR | $31,032 | — | $31,032 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $20,022 | — | $20,022 |
| LEEPER KEAN & RUMLEY LLP | AUDITOR | $15,500 | — | $15,500 |
| LEEPER, KEAN AND RUMLEY | Auditor | $15,500 | — | $15,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $196,202
- Estimated Expense Ratio: 0.730% 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 | $239,900 | $51,054 | — | $15,500 | — |
| 2023 | $183,513 | $45,101 | — | $14,500 | — |
| 2022 | $145,423 | — | $145,423 | — | — |