Plan Snapshot
- Plan Sponsor: Hines Precision INC.
- Sponsor EIN: 611359265
- Sponsor Address: 5680 OLD KY 54 EAST, PHILPOT, KY, 42366
- Plan Type: 401(k)
- Total Participants: 167
- Total Assets: $29.8M
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 | 167 | $29.8M | $198,232 | $541,803 |
| 2023 | 157 | $25.6M | $193,941 | $514,831 |
| 2022 | 156 | $21.1M | $192,285 | $534,949 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $47,801 | — | $47,801 |
| FIFTH THIRD BANK | INVESTMENT ADVISOR | $15,958 | — | $15,958 |
| ALEXANDER & COMPANY CPAS PSC | AUDITOR | $9,300 | — | $9,300 |
| ALEXANDER & COMPANY PSC | Auditor | $9,300 | — | $9,300 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,359
- Estimated Expense Ratio: 0.276% 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 | $57,983 | $15,958 | — | $9,300 | — |
| 2023 | $51,655 | $13,507 | — | $8,600 | — |
| 2022 | $47,263 | $21,074 | $24,478 | — | — |