Plan Snapshot
- Plan Sponsor: Hoffman & Hoffman, INC.
- Sponsor EIN: 560667189
- Sponsor Address: 3816 PATTERSON STREET, GREENSBORO, NC, 27407
- Plan Type: DC
- Total Participants: 969
- Total Assets: $406.2M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 969 | $406.2M | $13.7M | $7.1M |
| 2023 | 769 | $263.0M | $10.3M | $5.7M |
| 2022 | 623 | $212.5M | $8.6M | $4.7M |
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 |
|---|---|---|---|---|
| BERNARD ROBINSON & COMPANY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BERNARD ROBINSON & COMPANY LLP — Auditor
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 | $176,343 | $55,000 | — | — | — |
| 2023 | $171,546 | $55,000 | — | — | — |
| 2022 | $154,528 | — | — | — | $121,994 |