Plan Snapshot
- Plan Sponsor: Hy-Tek Material Handling, LLC
- Sponsor EIN: 311277283
- Sponsor Address: 2222 RICKENBACKER PARKWAY W, COLUMBUS, OH, 43217
- Plan Type: 401(k)
- Total Participants: 565
- Total Assets: $48.1M
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 | 565 | $48.1M | $200,034 | $3.1M |
| 2023 | 422 | $49.9M | $1.7M | $3.2M |
| 2022 | 589 | $43.8M | $1.4M | $3.0M |
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 |
|---|---|---|---|---|
| HIGHLAND CONSULTING ASSOCIATES | CONSULTANT | $46,922 | — | $46,922 |
| FLAGEL HUBER FLAGEL | ACCOUNTANT\AUDITOR | $17,250 | — | $17,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FLAGEL HUBER FLAGEL — ACCOUNTANT\AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $64,172
- Estimated Expense Ratio: 0.133% 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 | $68,625 | — | — | $17,250 | — |
| 2023 | $55,960 | — | — | $14,750 | — |
| 2022 | $24,913 | — | — | — | — |