Plan Snapshot
- Plan Sponsor: Hsbc North America Holdings INC.
- Sponsor EIN: 232186091
- Sponsor Address: 227 WEST MONROE, 18TH FLOOR, CHICAGO, IL, 60606
- Plan Type: 401(k)
- Total Participants: 6,598
- Total Assets: $4.9B
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 | 6,598 | $4.9B | $58.4M | $82.7M |
| 2023 | 6,684 | $4.5B | $56.7M | $80.1M |
| 2022 | 6,992 | $4.0B | $58.3M | $82.4M |
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 |
|---|---|---|---|---|
| VANGUARD ADVISERS INC. | NONE | $1,681,574 | — | $1,681,574 |
| THE VANGUARD GROUP, INC. | NONE | $477,904 | — | $477,904 |
| CHARLES SCHWAB & CO., INC. | NONE | $5,036 | — | $5,036 |
| PRICEWATERHOUSECOOPERS LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VANGUARD ADVISERS INC. — NONE
- THE VANGUARD GROUP, INC. — NONE
- CHARLES SCHWAB & CO., INC. — NONE
- PRICEWATERHOUSECOOPERS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,164,514
- Estimated Expense Ratio: 0.044% 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 | $2,139,838 | — | — | — | — |
| 2023 | $2,206,669 | — | — | — | — |
| 2022 | $2,336,481 | — | — | — | — |