Plan Snapshot
- Plan Sponsor: J.H. Hiers Construction, LLC
- Sponsor EIN: 201541350
- Sponsor Address: 509 CARTERET STREET, BEAUFORT, SC, 29902
- Plan Type: 401(k)
- Total Participants: 140
- Total Assets: $6.5M
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 | 140 | $6.5M | $413,012 | $636,634 |
| 2023 | 136 | $4.9M | $291,898 | $508,289 |
| 2022 | 124 | $3.6M | $264,054 | $411,769 |
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 |
|---|---|---|---|---|
| CAMBRIDGE INVESTMENT RESEARCH | INVESTMENT ADVISOR | — | $13,847 | $13,847 |
| RESJ, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RESJ, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,847
- Estimated Expense Ratio: 0.214% 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 | $40,959 | — | $40,959 | — | — |
| 2023 | $30,524 | — | $30,524 | — | — |
| 2022 | $26,471 | — | — | — | $26,471 |