Plan Snapshot
- Plan Sponsor: Hi Pro, INC.
- Sponsor EIN: 460926399
- Sponsor Address: 1528 S. EL CAMINO REAL, SUITE 407, SAN MATEO, CA, 94402
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 231
- Total Assets: $725,382
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 231 | $725,382 | $2.0M | $72,016 |
| 2023 | 263 | $491,632 | $1.8M | $64,152 |
| 2022 | 224 | $187,123 | $1.4M | $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 |
|---|---|---|---|---|
| FCE BENEFIT ADMINISTRATORS, INC. | Other Service Provider | $213,035 | $30,379 | $243,414 |
| FIDUCIARY PLAN MGMT SERVICES, INC | Other Service Provider | $24,854 | — | $24,854 |
| INEICH & COMPANY, LLP | Auditor | $19,000 | — | $19,000 |
| UNITED WORKERS WELLNESS | Other Service Provider | $7,962 | — | $7,962 |
| FCE FINANCIAL SERVICES, INC. | Other Service Provider | $7,476 | — | $7,476 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- INEICH & COMPANY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $302,706
- Estimated Expense Ratio: 41.731% 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 | $265,731 | — | $185,425 | $19,000 | — |
| 2023 | $258,753 | — | $194,039 | — | — |
| 2022 | $179,093 | — | $131,063 | — | $17,608 |