Plan Snapshot
- Plan Sponsor: Hoffman Corporation
- Sponsor EIN: 930724603
- Sponsor Address: 5500 MEADOWS RD, SUITE 500, LAKE OSWEGO, OR, 97035
- Plan Type: 401(k)
- Plan Number: 004
- Total Participants: 951
- Total Assets: $26.9M
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. |
|---|---|---|---|---|
| 2025 | 951 | $26.9M | $0 | $0 |
| 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 | Other Service Provider | $39,395 | — | $39,395 |
| MATRIX TRUST COMPANY | Other Service Provider | $7,993 | — | $7,993 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,388
- Estimated Expense Ratio: 0.176% 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 | $1,037,946 | — | — | — | — |
| 2024 | $41,786 | — | — | — | — |
| 2023 | $35,488 | — | — | — | — |
| 2022 | $30,854 | — | $27,536 | — | — |