Plan Snapshot
- Plan Sponsor: Hayashi Telempu North America Corporation
- Sponsor EIN: 232255107
- Sponsor Address: 14328 GENOA COURT, PLYMOUTH, MI, 48170
- Plan Type: 401(k)
- Total Participants: 367
- Total Assets: $13.2M
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 | 367 | $13.2M | $475,250 | $1.4M |
| 2023 | 357 | $11.6M | $411,427 | $1.3M |
| 2022 | 321 | $10.2M | $318,771 | $1.1M |
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 |
|---|---|---|---|---|
| HHM | Auditor | $21,500 | — | $21,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,500
- Estimated Expense Ratio: 0.163% 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 | $100,289 | $10 | — | $21,500 | — |
| 2023 | $57,642 | — | — | — | — |
| 2022 | — | — | — | — | — |