Plan Ledger DOL Form 5500 · updated monthly

H & T Waterbury, Inc.401(k)

H & T BATTERY COMPONENTS USA, INC. PROFIT SHARING & RETIREMENT SAVINGS PLAN · WATERBURY, CT · plan year 2022

Reported admin expense ratio · 2022
0.30%

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

H & T Waterbury, Inc. reported $95,764 in plan administrative expenses for 2022: 0.30% of average plan assets, above the peer median. Employer contributions averaged $2,134 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 1 year on file its reported administrative ratio fell from 0.30% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is the 462nd-largest of 1,106 plans among Connecticut employers on file, and the 4,822nd of 13,661 in manufacturing. In 2022, employees put in $2.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,321,610
Participants with balances430
Active participants370
Employer contributions$789,425
Employee contributions$1,870,577
Employer contribution per active participant$2,134
Average account balance$63,539
Benefits paid to participants$6,686,622
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$24.3M · 173 accts · $469K emplr
2022$27.3M · 430 accts · $789K emplr
The H & T Waterbury, Inc. 401(k) match · 2022
Employer contribution per active participant$2,134
Median for plans this size$2,266
2023$1,093 per active participant
2022$2,134 per active participant

H & T Waterbury, Inc.'s 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$72,246 · 0.28%
2022$95,764 · 0.30%
Similar plansManufacturing · Connecticut
Light Sources, Inc. CT$28.0M · 0.54%
The Pmt Group, Inc. CT$27.7M · 0.04%
Wiremold Company CT$27.6M · 0.13%
Dymax Corporation CT$27.3M · 0.34%
Tld America CT$27.3M
Franklin Products, Inc. CT$26.8M · 0.26%
Hyaxiom, Inc. CT$26.7M · 0.19%
Okay Industries, Inc. CT$26.5M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060948649 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.