Plan Snapshot
- Plan Sponsor: Hunt Electric Corporation
- Sponsor EIN: 410888550
- Sponsor Address: 1000 BLUE GENTIAN ROAD, EAGAN, MN, 55121
- Plan Type: 401(k)
- Total Participants: 78
- Total Assets: $12.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 78 | $12.1M | $1.1M | $532,836 |
| 2023 | 87 | $10.2M | $904,185 | $437,682 |
| 2022 | 92 | $8.7M | $787,120 | $455,362 |
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 |
|---|---|---|---|---|
| COTA STREET INVESTMENT MANAGEMENT | Investment Advisor | $29,686 | — | $29,686 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $21,662 | — | $21,662 |
| LARSON ALLEN LLP | Other Service Provider | $11,130 | — | $11,130 |
| WORLD INVESTMENT ADVISORS LLC | Investment Advisor | $6,531 | — | $6,531 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $69,009
- Estimated Expense Ratio: 0.573% 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 | $69,009 | $36,217 | — | — | — |
| 2023 | $58,151 | $30,023 | — | — | — |
| 2022 | $53,557 | $36,584 | $16,973 | — | — |