Plan Snapshot
- Plan Sponsor: Hni Corporation
- Sponsor EIN: 420617510
- Sponsor Address: PO BOX 1109, MUSCATINE, IA, 527610071
- Plan Type: 401(k)
- Total Participants: 6,819
- Total Assets: $1.5B
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 6,819 | $1.5B | $25.4M | $39.4M |
| 2023 | 5,550 | $1.0B | $27.7M | $37.8M |
| 2022 | 6,526 | $895.0M | $72.0M | $0 |
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 | $321,495 | — | $321,495 |
| CAPFINANCIAL PARTNERS, LLC. | INVESTMENT ADVISOR | $122,835 | — | $122,835 |
| FGMK, LLC | ACCOUNTANT/AUDITOR | $68,000 | — | $68,000 |
| FGMK LLC | Auditor | $68,000 | — | $68,000 |
| ECONOMIC GROUP PENSION SERVICES, I | OTHER SERVICES | $22,830 | — | $22,830 |
| BAKER TILLY US, LLP | OTHER SERVICES | $10,250 | — | $10,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- FGMK, LLC — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $613,410
- Estimated Expense Ratio: 0.042% 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 | $536,561 | $122,835 | — | $68,000 | — |
| 2023 | $612,636 | $118,111 | — | $63,484 | — |
| 2022 | $688,289 | $113,568 | — | — | $574,721 |