Plan Snapshot
- Plan Sponsor: Hitachi Astemo Americas
- Sponsor EIN: 611065272
- Sponsor Address: 1901 INDUSTRIAL DRIVE, FINDLAY, OH, 45840
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 361
- Total Assets: $27.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2023 | 361 | $27.1M | $527,556 | $1.3M |
| 2022 | 388 | $24.4M | $534,168 | $1.3M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $77,179 | — | $77,179 |
| OSAIC WEALTH INC | Investment Advisor | $48,638 | — | $48,638 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $6,206 | — | $6,206 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $132,023
- Estimated Expense Ratio: 0.486% 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 |
|---|---|---|---|---|---|
| 2023 | $122,281 | $54,912 | — | — | — |
| 2022 | $180,639 | $64,167 | $116,472 | — | — |