Plan Snapshot
- Plan Sponsor: Hynes Industries, INC.
- Sponsor EIN: 340971763
- Sponsor Address: 3805 HENRICKS RD, YOUNGSTOWN, OH, 445153046
- Plan Type: DB
- Plan Number: 001
- Total Participants: 0
- Total Assets: $106
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 0 | $106 | $357,116 | $0 |
| 2022 | 26 | $9.8M | $82,758 | $0 |
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 |
|---|---|---|---|---|
| GALLAGHER BENEFIT SERVICES, INC. | Investment Advisor | $243,000 | — | $243,000 |
| WILLIS TOWERS WATSON | Actuary | $73,550 | — | $73,550 |
| HUNTINGTON NATIONAL BANK | Custodian / Trustee | $21,089 | — | $21,089 |
| MCDONALD HOPKINS LLC | ERISA Attorney | $7,340 | — | $7,340 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALLAGHER BENEFIT SERVICES, INC. — Investment Advisor
- MCDONALD HOPKINS LLC — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $344,979
- Estimated Expense Ratio: 325451.887% 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 |
|---|---|---|---|---|---|
| 2023 | $432,419 | — | — | — | — |
| 2022 | $81,815 | — | — | — | — |