Plan Snapshot
- Plan Sponsor: Honnen Equipment Company
- Sponsor EIN: 840533971
- Sponsor Address: 5055 E. 72ND AVE., COMMERCE CITY, CO, 80022
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 223
- Total Assets: $24.0M
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. |
|---|---|---|---|---|
| 2023 | 223 | $24.0M | $1.1M | $1.7M |
| 2022 | 272 | $21.2M | $763,011 | $1.4M |
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 |
|---|---|---|---|---|
| ADVISED ASSETS GROUP, LLC | Investment Advisor | $34,654 | — | $34,654 |
| ALPHA CAPITAL MANAGEMENT GROUP LLC | Investment Advisor | $8,299 | — | $8,299 |
| GREAT-WEST LIFE & ANNUITY COMPANY | Recordkeeper | $5,193 | — | $5,193 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,146
- Estimated Expense Ratio: 0.201% 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 |
|---|---|---|---|---|---|
| 2023 | $48,146 | $42,953 | — | — | — |
| 2022 | $55,345 | $35,387 | $11,958 | — | $8,000 |