Plan Snapshot
- Plan Sponsor: Hyland Software, INC.
- Sponsor EIN: 341699247
- Sponsor Address: 28105 CLEMENS ROAD, WESTLAKE, OH, 44145
- Plan Type: 401(k)
- Total Participants: 2,224
- Total Assets: $512.0M
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 | 2,224 | $512.0M | $8.3M | $27.8M |
| 2023 | 2,434 | $455.0M | $9.5M | $30.9M |
| 2022 | 3,304 | $385.4M | $10.0M | $33.3M |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | NONE | $233,693 | — | $233,693 |
| CREATIVE PLANNING | NONE | $144,964 | — | $144,964 |
| GALLAGHER FIDUCIARY ADVISORS LLC | NONE | $74,977 | — | $74,977 |
| VANGUARD ADVISERS INC. | NONE | $60,265 | — | $60,265 |
| MALONEY + NOVOTNY LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — NONE
- CREATIVE PLANNING — NONE
- GALLAGHER FIDUCIARY ADVISORS LLC — NONE
- VANGUARD ADVISERS INC. — NONE
- MALONEY + NOVOTNY LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $513,899
- Estimated Expense Ratio: 0.100% 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 | $504,049 | — | — | — | — |
| 2023 | $571,338 | — | — | — | — |
| 2022 | $558,754 | — | — | — | — |