Plan Snapshot
- Plan Sponsor: Hirel Connectors, INC.
- Sponsor EIN: 952492124
- Sponsor Address: 760 WHARTON DR, CLAREMONT, CA, 917114800
- Plan Type: 401(k)
- Total Participants: 444
- Total Assets: $14.5M
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. |
|---|---|---|---|---|
| 2024 | 444 | $14.5M | $155,700 | $1.4M |
| 2023 | 417 | $14.2M | $143,195 | $1.3M |
| 2022 | 355 | $11.4M | $129,269 | $1.3M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $85,779 | — | $85,779 |
| 401(K) ADVISORS INC | INVESTMENT ADVISORY | — | $41,398 | $41,398 |
| WITHUMSMITH BROWN, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- 401(K) ADVISORS INC — INVESTMENT ADVISORY
- WITHUMSMITH BROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $127,177
- Estimated Expense Ratio: 0.877% 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 | $85,779 | — | $85,779 | — | — |
| 2023 | $77,206 | — | $77,206 | — | — |
| 2022 | $34,207 | — | $34,207 | — | — |