Plan Snapshot
- Plan Sponsor: Hit Promotional Products, INC.
- Sponsor EIN: 592095421
- Sponsor Address: 7150 BRYAN DAIRY ROAD, LARGO, FL, 337771501
- Plan Type: 401(k)
- Total Participants: 1,267
- Total Assets: $30.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,267 | $30.7M | $599,860 | $3.0M |
| 2023 | 1,158 | $25.1M | $545,805 | $2.7M |
| 2022 | 1,021 | $18.9M | $413,332 | $2.4M |
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 |
|---|---|---|---|---|
| RAYMOND JAMES FSA INC. | RIA; IA | $95,852 | — | $95,852 |
| JOHN HANCOCK LIFE INSURANCE (USA) | RECORDKEEPER | $23,930 | — | $23,930 |
| PRIDA, GUIDA & PEREZ, P.A. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES FSA INC. — RIA; IA
- JOHN HANCOCK LIFE INSURANCE (USA) — RECORDKEEPER
- PRIDA, GUIDA & PEREZ, P.A. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $119,782
- Estimated Expense Ratio: 0.390% 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 | $194,760 | — | — | — | — |
| 2023 | $153,755 | — | — | — | — |
| 2022 | $145,753 | $72,932 | $61,481 | — | $11,340 |