Plan Snapshot
- Plan Sponsor: Hypower, LLC
- Sponsor EIN: 880271249
- Sponsor Address: 5913 NW 31ST AVENUE, FORT LAUDERDALE, FL, 33309
- Plan Type: 401(k)
- Total Participants: 513
- Total Assets: $15.1M
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 | 513 | $15.1M | $642,476 | $1.4M |
| 2023 | 532 | $13.6M | $537,330 | $1.2M |
| 2022 | 234 | $10.7M | $526,248 | $1.2M |
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 |
|---|---|---|---|---|
| CONCURRENT INVESTMENT ADVISORS, LLC | SERVICE PROVIDER | — | $42,998 | $42,998 |
| THE AIMPOINT GROUP | SERVICE PROVIDER | $6,339 | — | $6,339 |
| VOYA RETIREMENT ADVISORS | SERVICE PROVIDER | $5,206 | — | $5,206 |
| KSDT AND COMPANY | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,543
- Estimated Expense Ratio: 0.362% 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 | $18,915 | $11,758 | $5,175 | — | — |
| 2023 | $11,262 | $8,277 | $2,685 | — | — |
| 2022 | $11,556 | — | $11,556 | — | — |