Plan Snapshot
- Plan Sponsor: Hitachi America, Ltd.
- Sponsor EIN: 131896069
- Sponsor Address: 800 WESTCHESTER AVENUE, N-707, RYE BROOK, NY, 10573
- Plan Type: 401(k)
- Total Participants: 17,744
- Total Assets: $3.6B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 17,744 | $3.6B | $98.7M | $141.6M |
| 2023 | 15,731 | $3.2B | $83.5M | $121.5M |
| 2022 | 12,175 | $2.4B | $65.0M | $94.6M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $1,027,657 | — | $1,027,657 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $630,773 | — | $630,773 |
| BRYAN CAVE LEIGHTON PAISNER LLP | ATTORNEY/LEGAL | $333,670 | — | $333,670 |
| COOK STREET CONSULTANTS | INVESTMENT ADVISOR | $42,147 | — | $42,147 |
| FORVIS, LLP | ACCOUNTANT/AUDITOR | $31,683 | — | $31,683 |
| CBIZ CPAS P.C. | Auditor | $31,683 | — | $31,683 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- BRYAN CAVE LEIGHTON PAISNER LLP — ATTORNEY/LEGAL
- COOK STREET CONSULTANTS — INVESTMENT ADVISOR
- FORVIS, LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,097,613
- Estimated Expense Ratio: 0.059% 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 | $2,036,035 | $632,351 | $10,200 | $31,683 | — |
| 2023 | $1,822,823 | $585,116 | $3,600 | $15,041 | — |
| 2022 | $1,791,473 | $663,070 | — | — | — |