Plan Snapshot
- Plan Sponsor: Hoffman Corporation
- Sponsor EIN: 930724603
- Sponsor Address: 5500 MEADOWS RD, SUITE 500, LAKE OSWEGO, OR, 97035
- Plan Type: DC
- Total Participants: 684
- Total Assets: $19.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 684 | $19.0M | $0 | $4.0M |
| 2023 | 654 | $13.3M | $0 | $3.4M |
| 2022 | 615 | $8.3M | $0 | $2.7M |
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 |
|---|---|---|---|---|
| NWPS | NONE | $35,569 | — | $35,569 |
| MATRIX TRUST COMPANY | NONE | $6,217 | — | $6,217 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NWPS — NONE
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,786
- Estimated Expense Ratio: 0.219% 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 | $41,786 | — | — | — | — |
| 2023 | $35,488 | — | — | — | — |
| 2022 | $30,854 | — | $27,536 | — | — |