Plan Snapshot
- Plan Sponsor: Huahai Us INC
- Sponsor EIN: 201525423
- Sponsor Address: 700 ATRIUM DR STE C, SOMERSET, NJ, 08873
- Plan Type: 401(k)
- Total Participants: 163
- Total Assets: $16.9M
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 | 163 | $16.9M | $514,186 | $1.4M |
| 2023 | 170 | $14.9M | $543,007 | $1.4M |
| 2022 | 179 | $12.9M | $541,917 | $1.4M |
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 |
|---|---|---|---|---|
| TROPEANO & MCGRADY, P.C. | Auditor | $9,081 | — | $9,081 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,081
- Estimated Expense Ratio: 0.054% 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 | $47,179 | $32,640 | — | $9,081 | — |
| 2023 | $32,761 | $28,223 | $4,538 | — | — |
| 2022 | $28,375 | $25,377 | $2,998 | — | — |