Plan Snapshot
- Plan Sponsor: Hypertherm, INC.
- Sponsor EIN: 020274267
- Sponsor Address: PO BOX 5010, HANOVER, NH, 037555010
- Plan Type: 401(k)
- Total Participants: 1,533
- Total Assets: $297.5M
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 | 1,533 | $297.5M | $2.1M | $13.9M |
| 2023 | 1,601 | $262.9M | $2.0M | $13.4M |
| 2022 | 1,623 | $225.3M | $1.9M | $12.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $212,722 | — | $212,722 |
| COMMONWEALTH FINANCIAL NETWORK | INVESTMENT ADVISORY | $68,744 | — | $68,744 |
| BDO USA, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH FINANCIAL NETWORK — INVESTMENT ADVISORY
- BDO USA, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $281,466
- Estimated Expense Ratio: 0.095% 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 | $281,466 | $68,744 | $212,722 | — | — |
| 2023 | $463,190 | $82,814 | $380,376 | — | — |
| 2022 | $292,733 | $86,496 | $206,237 | — | — |