Plan Snapshot
- Plan Sponsor: Hillco Ltd
- Sponsor EIN: 560818742
- Sponsor Address: 1435 HIGHWAY 258 NORTH, KINSTON, NC, 28504
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 3,618
- Total Assets: $140,594
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,618 | $140,594 | $22.1M | $7.3M |
| 2023 | 3,615 | $14,439 | $17.7M | $6.4M |
| 2022 | 3,324 | $129,835 | $16.7M | $6.5M |
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 |
|---|---|---|---|---|
| EXPRESS SCRIPTS | Other Service Provider | $8,392,042 | — | $8,392,042 |
| WAGE WORKS | Other Service Provider | $66,872 | — | $66,872 |
| DELTA DENTAL OF NORTH CAROLINA | Other Service Provider | $65,347 | — | $65,347 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,524,261
- Estimated Expense Ratio: 6063.033% 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 | $1,863,548 | — | $1,517,046 | $33,000 | — |
| 2023 | $1,789,109 | — | $1,441,483 | — | — |
| 2022 | $1,951,459 | — | $1,614,462 | — | $25,836 |