Plan Ledger DOL Form 5500 · updated monthly

Hanger, Inc.401(k)

HANGER, INC. 401(K) SAVINGS PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Hanger, Inc. reported $786,248 in plan administrative expenses for 2024: 0.12% of average plan assets, above the peer median. Employer contributions averaged $1,668 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 0.120%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 161st-largest of 5,688 plans among Texas employers on file, and the 260th of 11,911 in health care & social assistance. In 2024, employees put in $3.76 for every $1.00 the employer contributed; active participation has grown from 5,681 to 6,847 since 2022.

Plan summary
Net assets, end of year$709,217,527
Participants with balances9,197
Active participants6,847
Employer contributions$11,423,550
Employee contributions$42,910,415
Employer contribution per active participant$1,668
Average account balance$77,114
Benefits paid to participants$48,846,150
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$709.2M · 9,197 accts · $11.4M emplr
2023$601.2M · 8,299 accts · $9.0M emplr
2022$501.3M · 7,710 accts · $15.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$504,288
Investment management$90,029
Audit (IQPA)$19,950
Total administrative$786,248
The Hanger, Inc. 401(k) match · 2024
Employer contribution per active participant$1,668
Median for plans this size$4,294
2024$1,668 per active participant
2023$1,489 per active participant
2022$2,640 per active participant

Hanger, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20245
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$503,388
MORGAN STANLEY · Investment advisory (plan)$169,291
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$90,029
WEAVER AND TIDWELL LLP · Accounting / audit$19,950
AON CONSULTING, INC. · Consulting$2,690

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$786,248 · 0.12%
2023$722,651 · 0.13%
2022$656,105 · 0.12%
Same employer
Similar plansHealth Care & Social Assistance · Texas
Sonic Healthcare USA, Inc. TX$587.8M · 0.08%
Shannon Medical Center TX$460.8M · 0.14%
US Oncology Corporate, Inc. TX$357.5M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 840904275 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.