Plan Snapshot
- Plan Sponsor: Hisense Usa Corporation
- Sponsor EIN: 954842698
- Sponsor Address: 7310 MCGINNIS FERRY RD, SUWANEE, GA, 300241281
- Plan Type: 401(k)
- Total Participants: 236
- Total Assets: $19.6M
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 | 236 | $19.6M | $1.7M | $2.6M |
| 2023 | 238 | $17.0M | $1.5M | $2.3M |
| 2022 | 201 | $11.5M | $1.2M | $1.9M |
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 |
|---|---|---|---|---|
| NFP RETIREMENT | Investment Advisor | $46,613 | — | $46,613 |
| PAYCHEX, INC. | Recordkeeper | $34,602 | — | $34,602 |
| ERISA FIDUCIARY SERVICES, INC. | Recordkeeper | $6,300 | — | $6,300 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,515
- Estimated Expense Ratio: 0.446% 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 | $88,115 | $46,613 | $40,642 | — | — |
| 2023 | $62,636 | $35,455 | $24,355 | — | — |
| 2022 | $66,612 | $46,560 | $20,052 | — | — |