Plan Snapshot
- Plan Sponsor: Heavy Machines LLC
- Sponsor EIN: 620850651
- Sponsor Address: 120 MANN DRIVE, PIPERTON, TN, 38017
- Plan Type: 401(k)
- Total Participants: 181
- Total Assets: $19.7M
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 | 181 | $19.7M | $548,841 | $1.4M |
| 2023 | 175 | $17.0M | $743,917 | $1.2M |
| 2022 | 163 | $13.3M | $160,349 | $958,110 |
| 2021 | 151 | $15.9M | $0 | $0 |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | Investment Advisor | $10,364 | — | $10,364 |
| CAMBRIDGE INVESTMENT RESEARCH, INC. | Investment Advisor | $8,500 | — | $8,500 |
| FIDELITY INVESTMENTS INST. OPS CO. | Recordkeeper | $7,196 | — | $7,196 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — Investment Advisor
- FIDELITY INVESTMENTS INST. OPS CO. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $26,060
- Estimated Expense Ratio: 0.132% 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 | $26,060 | $18,864 | — | — | — |
| 2023 | $21,030 | $18,136 | — | — | — |
| 2022 | $18,854 | $7,723 | — | — | — |
| 2021 | $10,890 | — | $2,012 | — | — |