Plan Snapshot
- Plan Sponsor: Honk Technologies, INC.
- Sponsor EIN: 465013597
- Sponsor Address: 11400 W OLYMPIC BLVD, LOS ANGELES, CA, 90064
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 152
- Total Assets: $5.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 152 | $5.7M | $0 | $0 |
| 2024 | 140 | $4.1M | $256,257 | $417,891 |
| 2023 | 118 | $3.4M | $221,988 | $360,711 |
| 2022 | 121 | $2.5M | $242,452 | $386,997 |
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 |
|---|---|---|---|---|
| GUSTO INVESTMENT SERVICES, LLC | Custodian / Trustee | $5,786 | — | $5,786 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,786
- Estimated Expense Ratio: 0.101% 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 | $278,010 | $5,786 | — | — | — |
| 2024 | $3,713 | $2,901 | — | — | — |
| 2023 | $3,203 | $2,263 | — | — | — |
| 2022 | $5,491 | $5,465 | $26 | — | — |