Plan Snapshot
- Plan Sponsor: Hni Corporation
- Sponsor EIN: 420617510
- Sponsor Address: 600 EAST SECOND STREET, MUSCATINE, IA, 527614853
- Plan Type: DB
- Total Participants: 0
- Total Assets: $6.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $6.1M | $1.1M | $0 |
| 2023 | 0 | $5.8M | $310,576 | $0 |
| 2022 | 0 | $5.9M | $0 | $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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $97,133 | — | $97,133 |
| CAPFINANCIAL PARTNERS, L | Investment Advisor | $20,204 | — | $20,204 |
| FGMK, LLC | Auditor | $16,500 | — | $16,500 |
| FIDELITY INSTITUTIONAL | Investment Advisor | $15,595 | — | $15,595 |
| EGPS | Other Service Provider | $9,850 | — | $9,850 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FGMK, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $159,282
- Estimated Expense Ratio: 2.632% 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 | $242,175 | $38,923 | $97,133 | $26,350 | — |
| 2023 | $226,733 | $40,190 | $53,351 | $26,360 | — |
| 2022 | $137,162 | — | $34,295 | — | $42,523 |