Plan Snapshot
- Plan Sponsor: Higherechelon, INC.
- Sponsor EIN: 270992562
- Sponsor Address: 101 LOWE AVENUE SE, HUNTSVILLE, AL, 35801
- Plan Type: 401(k)
- Total Participants: 348
- Total Assets: $14.8M
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 | 348 | $14.8M | $1.3M | $2.6M |
| 2023 | 290 | $10.1M | $902,064 | $1.9M |
| 2022 | 233 | $6.8M | $574,901 | $1.3M |
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 |
|---|---|---|---|---|
| WARREN AVERETT | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WARREN AVERETT — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $70,906 | $60,362 | $8,763 | — | — |
| 2023 | $47,280 | $40,210 | $2,670 | — | — |
| 2022 | $34,920 | $30,332 | $4,588 | — | — |