Plan Snapshot
- Plan Sponsor: Hm Electronics, INC.
- Sponsor EIN: 952702218
- Sponsor Address: HME, CARLSBAD, CA, 92010
- Plan Type: 401(k)
- Total Participants: 762
- Total Assets: $89.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 762 | $89.7M | $1.9M | $6.1M |
| 2023 | 814 | $82.8M | $1.8M | $6.2M |
| 2022 | 738 | $70.4M | $1.6M | $5.5M |
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 |
|---|---|---|---|---|
| SAGEVIEW ADVISORY GROUP, LLC | INVESTMENT ADVISOR | $50,552 | — | $50,552 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $43,139 | — | $43,139 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $12,449 | — | $12,449 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SAGEVIEW ADVISORY GROUP, LLC — INVESTMENT ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $106,140
- Estimated Expense Ratio: 0.118% 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 | $106,140 | $63,001 | — | — | — |
| 2023 | $87,873 | $59,726 | — | — | — |
| 2022 | $96,711 | $9,847 | — | — | — |