Plan Snapshot
- Plan Sponsor: Higgins Group, INC.
- Sponsor EIN: 481051468
- Sponsor Address: 3919 S WEST ST, WICHITA, KS, 67217
- Plan Type: 401(k)
- Total Participants: 201
- Total Assets: $7.8M
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. |
|---|---|---|---|---|
| 2024 | 201 | $7.8M | $174,349 | $448,684 |
| 2023 | 149 | $7.0M | $176,204 | $412,668 |
| 2022 | 132 | $5.6M | $156,271 | $373,852 |
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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY LLC | INVESTMENT ADVISOR | $25,551 | — | $25,551 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $12,370 | — | $12,370 |
| REIGIER CARR & MONROE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY LLC — INVESTMENT ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- REIGIER CARR & MONROE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $37,921
- Estimated Expense Ratio: 0.486% 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 | $38,551 | $25,551 | $3,227 | — | — |
| 2023 | $31,709 | $20,979 | $10,730 | — | — |
| 2022 | $21,982 | $17,210 | $4,772 | — | — |