Plan Snapshot
- Plan Sponsor: Heroux Corp.
- Sponsor EIN: 510304364
- Sponsor Address: 15900 FOLTZ INDUSTRIAL PARKWAY, STRONGSVILLE, OH, 44149
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 409
- Total Assets: $30.6M
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. |
|---|---|---|---|---|
| 2025 | 409 | $30.6M | $0 | $0 |
| 2024 | 308 | $26.7M | $616,905 | $1.6M |
| 2023 | 287 | $23.9M | $544,713 | $1.4M |
| 2022 | 265 | $20.2M | $547,499 | $1.4M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $38,696 | — | $38,696 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $26,022 | — | $26,022 |
| FIFTH THIRD BANK | Investment Advisor | $17,533 | — | $17,533 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,251
- Estimated Expense Ratio: 0.268% 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 |
|---|---|---|---|---|---|
| 2025 | $3,083,982 | $43,555 | — | — | — |
| 2024 | $79,590 | $41,867 | — | — | — |
| 2023 | $70,651 | $38,642 | — | — | — |
| 2022 | $70,995 | $40,736 | $30,259 | — | — |