# Hoffer Plastics Corporation 401(k) Plan
Source: https://planprovider.pro/companies/hoffer-plastics-corporation-401k-plan

> Hoffer Plastics Corporation&#39;s 401(k) plan: 292 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Hoffer Plastics Corporation

- **Sponsor EIN:** 362347537

- **Sponsor Address:** 500 NORTH COLLINS STREET, SOUTH ELGIN, IL, 60177

- **Plan Type:** 401(k)

- **Total Participants:** 292

- **Total Assets:** $62.2M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **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|292|$62.2M|$1.3M|$1.7M|

| 2023|313|$59.8M|$593,940|$1.6M|

| 2022|324|$52.0M|$1.2M|$1.6M|

## 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|

| PLANTE & MORAN PLLC|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### 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|$117,824|$83,880|—|—|—|

| 2023|$98,941|$96,672|—|—|—|

| 2022|$143,543|$100,347|$43,196|—|—|

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