Plan Snapshot
- Plan Sponsor: Homeward Bound, INC.
- Sponsor EIN: 411223085
- Sponsor Address: 12805 HIGHWAY 55, SUITE 400, PLYMOUTH, MN, 55441
- Plan Type: 401(k)
- Total Participants: 265
- Total Assets: $9.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 265 | $9.0M | $340,254 | $791,308 |
| 2023 | 251 | $8.2M | $300,215 | $744,679 |
| 2022 | 279 | $9.8M | $279,916 | $678,644 |
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 COMPANY | Recordkeeper | $50,039 | — | $50,039 |
| TSC 401K | Other Service Provider | $29,567 | — | $29,567 |
| PRINCIPAL SECURITIES INC. | Investment Advisor | — | $17,993 | $17,993 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $97,599
- Estimated Expense Ratio: 1.089% 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 | $73,834 | — | $73,834 | — | — |
| 2023 | $70,150 | — | $70,150 | — | — |
| 2022 | $75,742 | — | — | — | $75,742 |