Plan Snapshot
- Plan Sponsor: Hood Packaging Corporation
- Sponsor EIN: 362891497
- Sponsor Address: 25 WOODGREEN PLACE, MADISON, MS, 39110
- Plan Type: 401(k)
- Total Participants: 1,425
- Total Assets: $103.8M
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 | 1,425 | $103.8M | $3.1M | $6.0M |
| 2023 | 1,393 | $94.4M | $3.1M | $6.1M |
| 2022 | 1,021 | $68.8M | $2.3M | $4.7M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $147,380 | — | $147,380 |
| GALLAGHER FIDUCIARY ADVISORS, LLC | INVESTMENT ADVISORY | — | $34,921 | $34,921 |
| HORNE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HORNE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $182,301
- Estimated Expense Ratio: 0.176% 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 | $147,380 | — | $147,380 | — | — |
| 2023 | $136,420 | $1,026 | $135,394 | — | — |
| 2022 | $132,086 | $7,227 | $124,859 | — | — |