# Marine Hydraulics International, LLC 401(k) Plan
Source: https://planprovider.pro/companies/marine-hydraulics-international-llc-401k-plan

> Marine Hydraulics International, LLC's 401(k) plan: 666 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Marine Hydraulics International, LLC

- **Sponsor EIN:** 541034510

- **Sponsor Address:** 543 E. INDIAN RIVER ROAD, NORFOLK, VA, 23523

- **Plan Type:** 401(k)

- **Total Participants:** 666

- **Total Assets:** $33.8M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|666|$33.8M|$2.8M|$2.9M|

| 2023|626|$31.2M|$2.5M|$2.7M|

| 2022|637|$26.6M|$2.6M|$2.8M|

## 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|

| BEACON HARBOR WEALTH ADVISORS|ADVISOR|$67,616|—|$67,616|

| JOHN HANCOCK LIFE INSURANCE COMPANY|RECORDKEEPER|$19,204|—|$19,204|

| CHARLES W. SNADER,P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [JOHN HANCOCK LIFE INSURANCE COMPANY](https://planprovider.pro/provider/john-hancock) — RECORDKEEPER

- [CHARLES W. SNADER,P.C.](https://planprovider.pro/provider/charles-schwab-and-co-inc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $86,820

- **Estimated Expense Ratio:** 0.257% 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|$167,599|$67,616|$89,654|—|—|

| 2023|$159,257|$58,910|$92,872|—|—|

| 2022|$142,444|$55,004|$78,040|—|$9,400|

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