Plan Snapshot
- Plan Sponsor: Hobeys, INC.
- Sponsor EIN: 880192673
- Sponsor Address: P.O. BOX 51150, SPARKS, NV, 89435
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 49
- Total Assets: $70,483
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 | 49 | $70,483 | $767,922 | $0 |
| 2023 | 46 | $2,637 | $577,384 | $1,170 |
| 2022 | 60 | $17,203 | $565,430 | $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 |
|---|---|---|---|---|
| ONEDIGITAL (DILLON HEALTH) | Investment Advisor | $18,900 | — | $18,900 |
| THE BENECON GROUP, LLC | Investment Advisor | $15,908 | — | $15,908 |
| MERITAIN HEALTH, AN AETNA COMPANY | Other Service Provider | $6,533 | — | $6,533 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,341
- Estimated Expense Ratio: 58.654% 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 | $698,122 | — | — | — | — |
| 2023 | $594,432 | — | — | — | — |
| 2022 | $618,283 | — | — | — | — |