Plan Snapshot
- Plan Sponsor: Hood Motor Company
- Sponsor EIN: 721082428
- Sponsor Address: 1500 NORTH MORRISON BLVD, HAMMOND, LA, 704011528
- Plan Type: 401(k)
- Total Participants: 194
- Total Assets: $8.3M
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. |
|---|---|---|---|---|
| 2024 | 194 | $8.3M | $58,858 | $604,237 |
| 2023 | 201 | $7.2M | $61,225 | $639,296 |
| 2022 | 196 | $6.2M | $68,203 | $698,176 |
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 |
|---|---|---|---|---|
| DYESS & ASSOCIATES CPA'S | Auditor | — | — | $0 |
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 | $67,891 | — | $67,891 | — | — |
| 2023 | $56,379 | — | $56,379 | — | — |
| 2022 | $55,668 | — | $55,668 | — | — |