Plan Snapshot
- Plan Sponsor: Hughes Group, INC.
- Sponsor EIN: 350958626
- Sponsor Address: 6200 E. HWY 62, BLDG 2501, JEFFERSONVILLE, IN, 47130
- Plan Type: 401(k)
- Total Participants: 180
- Total Assets: $12.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 180 | $12.1M | $316,138 | $676,773 |
| 2023 | 356 | $10.2M | $294,534 | $595,577 |
| 2022 | 291 | $10.1M | $286,163 | $622,653 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK | Recordkeeper | $34,213 | — | $34,213 |
| SHEPHERD FINANCIAL INVESTMENT ADV | Investment Advisor | $27,976 | — | $27,976 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — Recordkeeper
- SHEPHERD FINANCIAL INVESTMENT ADV — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,189
- Estimated Expense Ratio: 0.513% 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 | $62,189 | $27,976 | $34,213 | — | — |
| 2023 | $55,133 | $24,713 | $30,420 | — | — |
| 2022 | $56,591 | $25,395 | $31,196 | — | — |