Plan Snapshot
- Plan Sponsor: Hyde Park Restaurant Systems, INC.
- Sponsor EIN: 341819273
- Sponsor Address: 21945 CHAGRIN BLVD., BEACHWOOD, OH, 44122
- Plan Type: 401(k)
- Total Participants: 125
- Total Assets: $2.5M
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 | 125 | $2.5M | $67,637 | $363,198 |
| 2023 | 309 | $1.9M | $36,240 | $349,803 |
| 2022 | 264 | $1.6M | $40,354 | $311,864 |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | Other Service Provider | $8,500 | — | $8,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,500
- Estimated Expense Ratio: 0.338% 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 | $12,642 | — | $8,991 | — | — |
| 2023 | $30,448 | $10,000 | $900 | — | — |
| 2022 | $22,850 | — | $21,534 | — | $1,316 |