Plan Snapshot
- Plan Sponsor: Hi-Tech Mold & Engineering, INC.
- Sponsor EIN: 382684139
- Sponsor Address: 2775 COMMERCE DRIVE, ROCHESTER HILLS, MI, 48309
- Plan Type: 401(k)
- Total Participants: 515
- Total Assets: $35.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 515 | $35.7M | $0 | $2.2M |
| 2023 | 464 | $34.1M | $560,053 | $2.4M |
| 2022 | 505 | $33.3M | $400,769 | $2.7M |
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 |
|---|---|---|---|---|
| FIDELITY WORKPLACE SERVICES LLC | PLAN ADMINISTRATOR | $63,455 | — | $63,455 |
| INTEGRATED INVESTMENT CONSULTANTS | ADVISOR | $48,982 | — | $48,982 |
| UHY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UHY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $112,437
- Estimated Expense Ratio: 0.315% 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 | $116,751 | $53,296 | — | — | — |
| 2023 | $106,413 | $49,901 | — | — | — |
| 2022 | $130,163 | — | — | — | — |