# Hughes Group, INC. 401(k) Plan
Source: https://planprovider.pro/companies/hughes-group-inc-401k-plan

> Hughes Group, INC.'s 401(k) plan: 180 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| CHERRY BEKAERT LLP|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### 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|—|—|

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