# Hitachi America, Ltd Health & Welfare Plan
Source: https://planprovider.pro/companies/hitachi-america-ltd-237688845-501

> Hitachi America, Ltd's Health & Welfare plan: 18,705 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/lincoln-financial-group) — 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|

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