Plan Snapshot
- Plan Sponsor: Hempelusa, INC.
- Sponsor EIN: 760625485
- Sponsor Address: 600 CONROE PARK NORTH DR, CONROE, TX, 77303
- Plan Type: 401(k)
- Total Participants: 260
- Total Assets: $33.0M
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 | 260 | $33.0M | $988,077 | $2.0M |
| 2023 | 257 | $31.2M | $965,041 | $2.0M |
| 2022 | 240 | $26.2M | $957,585 | $2.0M |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $57,051 | — | $57,051 |
| THE HAYES GROUP, INC. | CONSULTANT | $49,326 | — | $49,326 |
| PLANCHEC(K) CPA'S, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- THE HAYES GROUP, INC. — CONSULTANT
- PLANCHEC(K) CPA'S, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $106,377
- Estimated Expense Ratio: 0.322% 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 | $106,378 | $56,382 | — | — | — |
| 2023 | $96,849 | $49,175 | — | — | — |
| 2022 | $95,403 | — | — | — | — |