Plan Ledger DOL Form 5500 · updated monthly

Hallkeen Management, Inc.401(k)

HALLKEEN MANAGEMENT, INC. 401(K) RETIREMENT PLAN · NORWOOD, MA · plan year 2024

Reported admin expense ratio · 2024
1.18%

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

Hallkeen Management, Inc. reported $302,692 in plan administrative expenses for 2024: 1.18% of average plan assets, higher than ~90% of peers. Employer contributions averaged $284 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 rose from 0.87% to 1.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 1,071st-largest of 2,726 plans among Massachusetts employers on file, and the 501st of 2,096 in real estate & leasing. In 2024, employees put in $9.11 for every $1.00 the employer contributed; active participation has grown from 785 to 1,071 since 2022.

Plan summary
Net assets, end of year$27,196,023
Participants with balances1,451
Active participants1,071
Employer contributions$303,805
Employee contributions$2,768,164
Employer contribution per active participant$284
Average account balance$18,743
Benefits paid to participants$3,173,450
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.2M · 1,451 accts · $304K emplr
2023$24.1M · 1,766 accts · $348K emplr
2022$20.0M · 1,619 accts · $305K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$234,947
Investment management$50,745
Audit (IQPA)$17,000
Total administrative$302,692
The Hallkeen Management, Inc. 401(k) match · 2024
Employer contribution per active participant$284
Median for plans this size$2,416
2024$284 per active participant
2023$393 per active participant
2022$389 per active participant

Hallkeen Management, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20244
TRANSAMERICA FINANCIAL LIFE INSURAN · Recordkeeping · Loan processing$137,340
THE ANGELL PENSION GROUP, INC · Recordkeeping · Loan processing$97,607
MERRILL LYNCH LIFE AGENCY, INC. · Investment advisory (plan)$50,745
GRAY GRAY & GRAY LLP · Accounting / audit$17,000

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

Recordkeeper by year2
2024THE ANGELL PENSION GROUP, INC, Transamerica
2023THE ANGELL PENSION GROUP, INC, Transamerica

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Administrative cost history3
2024$302,692 · 1.18%
2023$180,216 · 0.82%
2022$186,628 · 0.87%
Same employer
Similar plansReal Estate & Leasing · Massachusetts
The Dolben Company, Inc. MA$31.3M · 0.25%
The Druker Company, LTD MA$26.8M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043097814 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.