Plan Snapshot
- Plan Sponsor: Hosokawa Micron International INC.
- Sponsor EIN: 133366823
- Sponsor Address: 10 CHATHAM ROAD, SUMMIT, NJ, 07901
- Plan Type: 401(k)
- Total Participants: 119
- Total Assets: $43.9M
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 | 119 | $43.9M | $708,584 | $1.0M |
| 2023 | 125 | $39.7M | $646,727 | $953,392 |
| 2022 | 102 | $34.7M | $590,332 | $896,918 |
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 |
|---|---|---|---|---|
| LINCOLN NATIONAL CORPORATION | Recordkeeper | $83,348 | — | $83,348 |
| SANCTUARY ADVISORS LLC | Investment Advisor | $62,777 | — | $62,777 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL CORPORATION — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $146,125
- 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 | $146,125 | $62,777 | $83,348 | — | — |
| 2023 | $64,238 | $26,894 | $37,344 | — | — |
| 2022 | $725 | — | — | — | $725 |