Plan Snapshot
- Plan Sponsor: Honor Technology, INC.
- Sponsor EIN: 471943214
- Sponsor Address: 400 SOUTH EL CAMINO REAL, SUITE 800, SAN MATEO, CA, 94402
- Plan Type: 401(k)
- Total Participants: 2,098
- Total Assets: $38.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 2,098 | $38.1M | $1.9M | $4.1M |
| 2023 | 2,258 | $39.1M | $2.3M | $5.0M |
| 2022 | 3,765 | $40.8M | $2.4M | $5.2M |
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 | $81,957 | — | $81,957 |
| NORTHWESTERN MUTUAL WEALTH MGMT CO | INVESTMENT ADVISOR | $29,996 | — | $29,996 |
| WORLD INVESTMENT ADVISORS LLC | OTHER | $14,950 | — | $14,950 |
| PENSION ASSURANCE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PENSION ASSURANCE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $126,903
- Estimated Expense Ratio: 0.333% 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 | $126,903 | $29,996 | — | — | — |
| 2023 | $127,516 | $45,000 | — | — | — |
| 2022 | $54,176 | — | — | — | $54,176 |