Plan Snapshot
- Plan Sponsor: Highway Equipment Company
- Sponsor EIN: 421102581
- Sponsor Address: 1330 76TH AVENUE SW, CEDAR RAPIDS, IA, 52404
- Plan Type: 401(k)
- Total Participants: 153
- Total Assets: $29.5M
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 | 153 | $29.5M | $485,314 | $1.2M |
| 2023 | 166 | $26.8M | $534,547 | $1.2M |
| 2022 | 156 | $21.9M | $499,185 | $1.1M |
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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — 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 | $123,593 | $123,593 | — | — | — |
| 2023 | $40,002 | $23,300 | — | $15,250 | — |
| 2022 | $28,914 | — | $28,914 | — | — |