Plan Snapshot
- Plan Sponsor: Hawx Services LLC
- Sponsor EIN: 823477698
- Sponsor Address: 251 20TH STREET, SUITE 200, OGDEN, UT, 84401
- Plan Type: 401(k)
- Total Participants: 364
- Total Assets: $2.1M
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 | 364 | $2.1M | $249,849 | $410,708 |
| 2023 | 505 | $1.5M | $272,403 | $469,605 |
| 2022 | 725 | $505,949 | $151,796 | $188,428 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $22,418 | — | $22,418 |
| NATIONAL BENEFIT SERVICES LLC | Recordkeeper | $11,312 | $855 | $12,167 |
| WEALTH NAVIGATION ADVISORS | Investment Advisor | — | $8,630 | $8,630 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,215
- Estimated Expense Ratio: 2.057% 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 | $37,660 | — | $33,730 | — | — |
| 2023 | $22,860 | — | $22,860 | — | — |
| 2022 | $4,855 | — | $4,855 | — | — |