Plan Snapshot
- Plan Sponsor: Hovnanian Enterprises, INC.
- Sponsor EIN: 221851059
- Sponsor Address: 90 MATAWAN ROAD, MATAWAN, NJ, 07747
- Plan Type: 401(k)
- Total Participants: 1,967
- Total Assets: $438.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,967 | $438.8M | $9.1M | $21.7M |
| 2023 | 2,215 | $378.8M | $8.4M | $20.0M |
| 2022 | 2,234 | $322.5M | $8.3M | $20.0M |
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 |
|---|---|---|---|---|
| COHNREZNICK | Auditor | $29,138 | — | $29,138 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,138
- Estimated Expense Ratio: 0.007% 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 | -$26,465 | — | $300 | $29,138 | — |
| 2023 | -$37,331 | — | $600 | $27,825 | — |
| 2022 | $918 | — | — | — | — |