Plan Snapshot
- Plan Sponsor: Hoffman Enterprises
- Sponsor EIN: 061012275
- Sponsor Address: 700 CONNECTICUT BLVD., EAST HARTFORD, CT, 06108
- Plan Type: 401(k)
- Total Participants: 440
- Total Assets: $29.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 440 | $29.6M | $321,594 | $2.3M |
| 2023 | 424 | $26.0M | $257,893 | $2.3M |
| 2022 | 407 | $22.4M | $291,469 | $2.1M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE CO OF AME | RECORDKEEPER | $62,876 | — | $62,876 |
| MJP ASSOCIATES INC. | INVESTMENT ADVISOR | $21,339 | — | $21,339 |
| THE PENSION SERVICE, INC. | CONTRACT ADMIN | $7,600 | $10,000 | $17,600 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $101,815
- Estimated Expense Ratio: 0.344% 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 | $120,661 | $120,661 | — | — | — |
| 2023 | $103,405 | $94,935 | — | — | — |
| 2022 | $102,659 | $97,934 | — | — | — |