Plan Snapshot
- Plan Sponsor: Hudson-Alpha Institute For Biotechnology
- Sponsor EIN: 432059317
- Sponsor Address: 601 GENOME WAY, HUNTSVILLE, AL, 35806
- Plan Type: 401(k)
- Total Participants: 214
- Total Assets: $37.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 214 | $37.9M | $923,177 | $1.8M |
| 2023 | 210 | $35.6M | $921,387 | $1.8M |
| 2022 | 214 | $29.9M | $942,182 | $1.8M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $113,508 | — | $113,508 |
| KREATIV RETIREMENT PLAN SOLUTIONS | INVESTMENT ADVISORY | — | $49,087 | $49,087 |
| FRAZIER & DEETER, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FRAZIER & DEETER, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $162,595
- Estimated Expense Ratio: 0.429% 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 | $113,508 | — | $113,508 | — | — |
| 2023 | $100,871 | — | $100,871 | — | — |
| 2022 | $105,403 | — | $105,403 | — | — |