Plan Snapshot
- Plan Sponsor: Hibu INC.
- Sponsor EIN: 200829862
- Sponsor Address: 221 3RD AVENUE SE, CEDAR RAPIDS, IA, 52401
- Plan Type: 401(k)
- Total Participants: 1,709
- Total Assets: $352.0M
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 | 1,709 | $352.0M | $2.7M | $11.2M |
| 2023 | 1,288 | $316.3M | $2.2M | $10.9M |
| 2022 | 1,273 | $286.2M | $2.2M | $10.3M |
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 INVESTMENTS INSTITUTIONAL | Recordkeeper | $151,017 | — | $151,017 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $83,053 | — | $83,053 |
| CAPITAL STRATEGIES INVESTMENT GROU | Other Service Provider | $55,000 | — | $55,000 |
| THOMPSON HINE | ERISA Attorney | $8,793 | — | $8,793 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- STRATEGIC ADVISORS, INC. — Investment Advisor
- THOMPSON HINE — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $297,863
- Estimated Expense Ratio: 0.085% 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 | $297,862 | $83,053 | $900 | — | — |
| 2023 | $294,574 | $81,415 | $300 | — | — |
| 2022 | $326,133 | $73,917 | — | — | — |