# Hines Precision INC. 401(k) Plan
Source: https://planprovider.pro/companies/hines-precision-inc-401k-plan

> Hines Precision INC.'s 401(k) plan: 167 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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