Plan Snapshot
- Plan Sponsor: Red Hat, INC.
- Sponsor EIN: 061364380
- Sponsor Address: 100 EAST DAVIE ST, RALEIGH, NC, 27601
- Plan Type: 401(k)
- Total Participants: 7,529
- Total Assets: $1.9B
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 | 7,529 | $1.9B | $38.1M | $132.0M |
| 2023 | 7,477 | $1.6B | $38.4M | $128.1M |
| 2022 | 8,059 | $1.2B | $36.3M | $123.8M |
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 |
|---|---|---|---|---|
| PBMARES ,LLP | Auditor | $10,500 | — | $10,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PBMARES ,LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,500
- Estimated Expense Ratio: 0.001% 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 | -$656,502 | — | $4,200 | $10,500 | — |
| 2023 | -$1,536,788 | — | $3,300 | $23,625 | — |
| 2022 | -$1,101,963 | — | — | — | — |