Plan Snapshot
- Plan Sponsor: Hitachi America, Ltd
- Sponsor EIN: 237688845
- Sponsor Address: 2535 AUGUSTINE DRIVE, 3RD FLOOR, SANTA CLARA, CA, 95054
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 18,705
- Total Assets: $13.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 18,705 | $13.5M | $192.4M | $47.6M |
| 2023 | 13,674 | $19.3M | $172.9M | $47.4M |
| 2022 | 13,880 | $16.6M | $142.9M | $46.9M |
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 |
|---|---|---|---|---|
| ANTHEM INSURANCE COMPANY | Other Service Provider | $10,562,557 | — | $10,562,557 |
| BUSINESSSOLVER.COM, INC. | Other Service Provider | $1,168,508 | — | $1,168,508 |
| WOODRUFF-SAWYER & CO. | Other Service Provider | — | $1,015,568 | $1,015,568 |
| VISION SERVICE PLAN | Other Service Provider | $141,462 | — | $141,462 |
| LINCOLN NATIONAL LIFE INSURANCE CO. | Recordkeeper | $114,385 | — | $114,385 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL LIFE INSURANCE CO. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,002,480
- Estimated Expense Ratio: 96.336% 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 | $12,024,487 | — | $6,099,898 | $46,000 | — |
| 2023 | $12,484,432 | — | — | $48,000 | — |
| 2022 | $13,945,440 | — | — | — | $13,945,440 |