Plan Snapshot
- Plan Sponsor: The Hannon Company
- Sponsor EIN: 340671835
- Sponsor Address: 1605 WAYNESBURG RD SE, CANTON, OH, 44707
- Plan Type: 401(k)
- Total Participants: 119
- Total Assets: $12.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 119 | $12.2M | $234,815 | $531,466 |
| 2023 | 118 | $12.5M | $235,786 | $453,835 |
| 2022 | 119 | $11.2M | $250,000 | $453,690 |
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 |
|---|---|---|---|---|
| COHEN & COMPANY, LTD. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $52,630 | $30,338 | — | — | — |
| 2023 | $48,139 | $27,495 | — | — | — |
| 2022 | $50,460 | — | — | — | — |