Plan Snapshot
- Plan Sponsor: Hb Administration, INC.
- Sponsor EIN: 832902778
- Sponsor Address: P.O. BOX 2022, LAS CRUCES, NM, 88004
- Plan Type: 401(k)
- Total Participants: 104
- Total Assets: $13.3M
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 | 104 | $13.3M | $1.1M | $639,775 |
| 2023 | 96 | $7.7M | $1.1M | $668,875 |
| 2022 | 143 | $5.0M | $193,139 | $468,354 |
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 |
|---|---|---|---|---|
| BEASLEY MITCHELL & CO LLP. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $32,506 | — | — | — | — |
| 2023 | $25,638 | — | — | — | — |
| 2022 | — | — | — | — | — |