Plan Ledger DOL Form 5500 · updated monthly

Canusa Hershman Recycling, LLC401(k)

CANUSA HERSHMAN RECYCLING 401(K) PLAN · BRANFORD, CT · plan year 2024

Reported admin expense ratio · 2024
0.38%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Canusa Hershman Recycling, LLC reported $64,094 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $2,868 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.51% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 514th-largest of 1,106 plans among Connecticut employers on file, and the 1,705th of 4,246 in wholesale trade. In 2024, employees put in $3.28 for every $1.00 the employer contributed; active participation has grown from 141 to 157 since 2022.

Plan summary
Net assets, end of year$22,679,673
Participants with balances179
Active participants157
Employer contributions$450,240
Employee contributions$1,475,654
Employer contribution per active participant$2,868
Average account balance$126,702
Benefits paid to participants$1,650,603
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.7M · 179 accts · $450K emplr
2023$11.5M · 168 accts · $693K emplr
2022$9.7M · 119 accts · $249K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,094
Total administrative$64,094
The Canusa Hershman Recycling, LLC 401(k) match · 2024
Employer contribution per active participant$2,868
Median for plans this size$2,416
2024$2,868 per active participant
2023$4,439 per active participant
2022$1,766 per active participant

Canusa Hershman Recycling, LLC's 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$1,086
FIDELITY MANAGEMENT TRUST COMPANY · Plan administrator · Trustee (discretionary)$63,008

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$64,094 · 0.38%
2023$56,804 · 0.54%
2022$53,427 · 0.51%
Same employer
Similar plansWholesale Trade · Connecticut
Acme United Corporation CT$25.8M · 0.04%
Brescome Barton, Inc. CT$24.0M · 0.17%
Hmtx Industries LLC CT$23.1M · 0.05%
Trefz Corporation CT$22.7M · 0.23%
Allan S. Goodman, Inc. CT$20.6M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043651435 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.