Plan Snapshot
- Plan Sponsor: Hyde Group, INC.
- Sponsor EIN: 041465900
- Sponsor Address: 54 EASTFORD ROAD, SOUTHBRIDGE, MA, 015501875
- Plan Type: 401(k)
- Total Participants: 166
- Total Assets: $24.8M
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 | 166 | $24.8M | $486,860 | $546,966 |
| 2023 | 334 | $22.6M | $516,921 | $531,954 |
| 2022 | 129 | $21.0M | $447,924 | $473,008 |
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 | $50,538 | — | $50,538 |
| HYDE GROUP INC | AUDITOR | $27,500 | — | $27,500 |
| BOLLUS LYNCH | Auditor | $27,500 | — | $27,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $105,538
- Estimated Expense Ratio: 0.425% 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 | $78,944 | $906 | — | $27,500 | — |
| 2023 | $25,577 | $1,191 | — | — | — |
| 2022 | $39,005 | $37,085 | $1,920 | — | — |