Plan Snapshot
- Plan Sponsor: Hire Power Management Group, INC
- Sponsor EIN: 920645718
- Sponsor Address: 1547 W SPRING MEADOW LANE, FARMINGTON, UT, 84025
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 185
- Total Assets: $1.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 185 | $1.2M | $0 | $0 |
| 2024 | 79 | $654,356 | $114,976 | $149,953 |
| 2023 | 62 | $370,681 | $82,854 | $122,354 |
| 2022 | 46 | $140,781 | $57,452 | $91,286 |
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 |
|---|---|---|---|---|
| SCOTT MILLER CPA & ASSOCIATES, PC | Auditor | — | — | $0 |
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 |
|---|---|---|---|---|---|
| 2025 | $32,514 | $1,084 | — | — | — |
| 2024 | $59,855 | — | — | — | — |
| 2023 | $23,501 | — | — | — | — |
| 2022 | $2,421 | — | — | — | — |