Plan Snapshot
- Plan Sponsor: Hx5, LLC
- Sponsor EIN: 562468829
- Sponsor Address: 212 EGLIN PARKWAY SE, FORT WALTON, FL, 32548
- Plan Type: 401(k)
- Total Participants: 1,066
- Total Assets: $93.3M
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 | 1,066 | $93.3M | $4.4M | $11.7M |
| 2023 | 1,179 | $82.7M | $4.4M | $11.8M |
| 2022 | 1,059 | $62.7M | $4.0M | $10.6M |
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 CO OF AM | NONE | $200,768 | — | $200,768 |
| MERRILL LYNCH PIERCE FENNER & SMITH | NONE | $141,097 | — | $141,097 |
| THE PENSION CENTER OF FLORIDA, INC. | NONE | $44,854 | — | $44,854 |
| EMPOWER ADVISORY GROUP, LLC | NONE | $29,931 | — | $29,931 |
| AVIZO GROUP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $416,650
- Estimated Expense Ratio: 0.447% 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 | $421,384 | $141,097 | $235,982 | — | — |
| 2023 | $325,789 | $119,371 | $177,228 | — | — |
| 2022 | $301,009 | $107,039 | $178,071 | — | — |