Plan Ledger DOL Form 5500 · updated monthly

H&K Equipment, Inc401(k)

H&K EQUIPMENT, INC 401(K) PLAN · CORAOPOLIS, PA · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

H&K Equipment, Inc reported $114,267 in plan administrative expenses for 2024: 0.46% of average plan assets, above the peer median. Employer contributions averaged $2,069 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 3 years on file its reported administrative ratio has held roughly steady near 0.46%. 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 1,237th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,425th of 4,246 in wholesale trade. In 2024, employees put in $2.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,309,095
Participants with balances390
Active participants337
Employer contributions$697,402
Employee contributions$1,958,523
Employer contribution per active participant$2,069
Average account balance$72,587
Benefits paid to participants$1,220,591
Plan auditUnmodified (clean) audit opinion
AuditorGROSSMAN, YANAK & FORD
Plan history3
Yearassets · accounts · employer contribution
2024$28.3M · 390 accts · $697K emplr
2023$21.7M · 393 accts · $636K emplr
2022$18.9M · 376 accts · $621K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,399
Investment management$40,868
Total administrative$114,267
The H&K Equipment, Inc 401(k) match · 2024
Employer contribution per active participant$2,069
Median for plans this size$2,416
2024$2,069 per active participant
2023$1,832 per active participant
2022$1,888 per active participant

H&K Equipment, Inc's 2024 employer contribution ran below 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 · 20245
DUNBAR, BENDER & ZAPF, INC. · Contract administrator$41,909
GLOBAL RETIREMENT PARTNERS · Investment advisory (plan)$34,000
EMPOWER ADVISORY GROUP, LLC · Investment management$6,868
GROSSMAN YANAK & FORD$6,000

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$114,267 · 0.46%
2023$104,856 · 0.52%
2022$92,994 · 0.44%
Same employer
Similar plansWholesale Trade · Pennsylvania
Mellott Company, LLC PA$28.5M · 0.15%
Liberty Tire Services, LLC PA$28.3M · 0.40%
Pgw Auto Glass, LLC PA$26.7M · 0.27%
J&L Building Materials Inc. PA$25.6M · 0.35%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 251437196 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.