Plan Snapshot
- Plan Sponsor: Hermetic Switch, INC.
- Sponsor EIN: 730773942
- Sponsor Address: 3100 S NORGE RD, CHICKASHA, OK, 730186169
- Plan Type: 401(k)
- Total Participants: 249
- Total Assets: $3.0M
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 | 249 | $3.0M | $19,653 | $233,406 |
| 2023 | 142 | $2.9M | $17,100 | $170,076 |
| 2022 | 144 | $2.4M | $13,835 | $138,350 |
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 |
|---|---|---|---|---|
| TAMMIE S. MOORE, P.C. | 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 | $713,686 | — | $47,980 | — | — |
| 2023 | $194,092 | — | $36,083 | — | — |
| 2022 | $38,685 | — | — | — | — |