Plan Snapshot
- Plan Sponsor: Heritage Products INC.
- Sponsor EIN: 363603927
- Sponsor Address: 2000 SMITH AVENUE, CRAWFORDSVILLE, IN, 47933
- Plan Type: 401(k)
- Total Participants: 149
- Total Assets: $7.5M
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 | 149 | $7.5M | $111,779 | $250,311 |
| 2023 | 138 | $7.4M | $100,721 | $224,730 |
| 2022 | 144 | $6.9M | $93,248 | $205,495 |
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 |
|---|---|---|---|---|
| AMERICAN UNITED LIFE INSURANCE CO | Other Service Provider | $2,927 | $31,499 | $34,426 |
| USI ADVISORS | Other Service Provider | $19,026 | — | $19,026 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,452
- Estimated Expense Ratio: 0.715% 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 | $21,845 | $20,268 | $1,577 | — | — |
| 2023 | $20,455 | $19,493 | $962 | — | — |
| 2022 | $20,600 | — | $20,600 | — | — |