What are the fees in the H E M, Inc. 401(k) plan?

For plan year 2022, H E M, Inc. reported $23,460 in plan administrative expenses, or 0.63% of average plan assets — above the peer median. Fund-level expense ratios are not included in public filings.

What is the H E M, Inc. 401(k) match?

In 2022, employer contributions to the H E M, Inc. plan averaged $1,381 per active participant, above the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the H E M, Inc. 401(k)?

The average participant account balance was $41,944 for plan year 2022, based on 77 accounts.

H E M, Inc.401(k)

Name: H E M, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

H E M, INC. 401(K) RETIREMENT PLAN · PRYOR, OK · plan year 2022

Reported admin expense ratio · 2022

0.63%

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

H E M, Inc. reported $23,460 in plan administrative expenses for 2022: 0.63% of average plan assets, above the peer median. Employer contributions averaged $1,381 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Oklahoma (602nd of 724), and 12,157th of 13,661 in manufacturing. In 2022, employees put in $1.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,229,671
Participants with balances77
Active participants77
Employer contributions$106,326
Employee contributions$169,518
Employer contribution per active participant$1,381
Average account balance$41,944
Benefits paid to participants$315,789
Plan auditDisclaimer of opinion
AuditorSTOTTS ARCHAMBO MUEGGENBORG & BARCL

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$7,147

Investment management$16,313

Total administrative$23,460

The H E M, Inc. 401(k) match · 2022

Employer contribution per active participant$1,381

Median for plans this size$1,114

H E M, Inc.'s 2022 employer contribution ran above the $1,114 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

Your balance

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 history1

2022$23,460 · 0.63%

Similar plansManufacturing · Oklahoma
Asco Aerospace USA, LLC OK$4.0M · 1.16%
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Roll-Offs of America, Inc. OK$3.4M · 0.22%
Greystone Logistics, Inc. OK$3.3M · 0.33%
Pryer Aerospace, LLC OK$3.0M · 0.01%
Quik Print of Oklahoma City, Inc. OK$2.3M · 1.26%
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Source: U.S. Department of Labor, Form 5500 series, EIN 731027440 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.