Plan Snapshot
- Plan Sponsor: Howe, INC.
- Sponsor EIN: 460369657
- Sponsor Address: 712 E. 3RD STREET, SIOUX FALLS, SD, 57103
- Plan Type: 401(k)
- Total Participants: 187
- Total Assets: $8.4M
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 | 187 | $8.4M | $299,547 | $926,467 |
| 2023 | 174 | $6.7M | $248,244 | $744,061 |
| 2022 | 154 | $5.4M | $215,449 | $592,430 |
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 |
|---|---|---|---|---|
| FIRST BANK & TRUST | FIDUCIARY | $31,037 | — | $31,037 |
| ELO PROF LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ELO PROF LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,037
- Estimated Expense Ratio: 0.368% 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 | $31,037 | — | $31,037 | — | — |
| 2023 | $25,951 | — | $25,951 | — | — |
| 2022 | $21,871 | — | $21,871 | — | — |