# Hypower, LLC 401(k) Plan
Source: https://planprovider.pro/companies/hypower-llc-401k-plan

> Hypower, LLC's 401(k) plan: 513 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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