Plan Snapshot
- Plan Sponsor: Hirotec America, INC.
- Sponsor EIN: 382792919
- Sponsor Address: 3000 HIGH MEADOW CIRCLE, AUBURN HILLS, MI, 48326
- Plan Type: 401(k)
- Total Participants: 608
- Total Assets: $67.9M
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 | 608 | $67.9M | $1.2M | $4.4M |
| 2023 | 545 | $59.4M | $1.1M | $3.9M |
| 2022 | 462 | $48.8M | $985,563 | $3.6M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | Investment Advisor | $11,824 | — | $11,824 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $10,403 | — | $10,403 |
| RBC CAPITAL MARKETS, LLC. | Recordkeeper | $10,000 | — | $10,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — Investment Advisor
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- RBC CAPITAL MARKETS, LLC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,227
- Estimated Expense Ratio: 0.047% 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 | $22,227 | $11,824 | — | — | — |
| 2023 | $20,611 | $16,021 | — | — | — |
| 2022 | $18,991 | $16,625 | — | — | — |