Plan Snapshot
- Plan Sponsor: Hni Corporation
- Sponsor EIN: 420617510
- Sponsor Address: PO BOX 1109, MUSCATINE, IA, 527610071
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 11,594
- Total Assets: $1.6B
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 11,594 | $1.6B | $0 | $0 |
| 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 | $388,404 | — | $388,404 |
| CAPFINANCIAL PARTNERS, LLC | Investment Advisor | $127,749 | — | $127,749 |
| FGMK, LLC | Auditor | $60,033 | — | $60,033 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $576,186
- Estimated Expense Ratio: 0.036% 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 |
|---|---|---|---|---|---|
| 2025 | $171,999,118 | — | — | $60,033 | — |
| 2024 | $536,561 | $122,835 | — | $68,000 | — |
| 2023 | $612,636 | $118,111 | — | $63,484 | — |
| 2022 | $688,289 | $113,568 | — | — | $574,721 |