Plan Snapshot
- Plan Sponsor: Howard Industries, INC.
- Sponsor EIN: 640466143
- Sponsor Address: 3225 PENDORFF ROAD, LAUREL, MS, 39440
- Plan Type: 401(k)
- Total Participants: 1,228
- Total Assets: $88.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,228 | $88.0M | $2.3M | $4.0M |
| 2023 | 964 | $78.8M | $2.1M | $3.7M |
| 2022 | 756 | $66.9M | $1.9M | $3.4M |
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 |
|---|---|---|---|---|
| REGIONS BANK | ADVISOR | $142,921 | — | $142,921 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $37,800 | — | $37,800 |
| HORNE | ACCOUNTANT/AUDITO R | $30,220 | — | $30,220 |
| ECONOMIC GROUP PENSION SERVICES | ACTUARY | $15,500 | — | $15,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- HORNE — ACCOUNTANT/AUDITO R
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $226,441
- Estimated Expense Ratio: 0.257% 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 | $150,840 | — | $150,840 | — | — |
| 2023 | $116,877 | $123,677 | — | — | — |
| 2022 | $127,807 | — | — | — | — |