Plan Snapshot
- Plan Sponsor: Huron, INC.
- Sponsor EIN: 382546791
- Sponsor Address: 6554 LAKESHORE ROAD, LEXINGTON, MI, 48450
- Plan Type: 401(k)
- Total Participants: 285
- Total Assets: $6.7M
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 | 285 | $6.7M | $355,049 | $362,590 |
| 2023 | 284 | $7.4M | $270,946 | $346,820 |
| 2022 | 265 | $6.2M | $366,444 | $242,982 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $25,584 | — | $25,584 |
| GREGORY J SCHWARTZ & COMPANY INC | Other Service Provider | $20,240 | — | $20,240 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $45,824
- Estimated Expense Ratio: 0.685% 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 | $46,529 | $705 | — | — | — |
| 2023 | $38,889 | $70 | — | — | — |
| 2022 | $35,369 | — | $35,369 | — | — |