Plan Ledger DOL Form 5500 · updated monthly

Hanover R.S. Limited Partnership401(k)

HANOVER COMPANY 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Hanover R.S. Limited Partnership reported $41,603 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,798 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 fell from 0.07% to 0.05%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 746th-largest of 5,688 plans among Texas employers on file, and the 156th of 2,096 in real estate & leasing. In 2024, employees put in $2.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$82,076,708
Participants with balances728
Active participants564
Employer contributions$1,577,981
Employee contributions$4,354,057
Employer contribution per active participant$2,798
Average account balance$112,743
Benefits paid to participants$5,701,089
Plan auditUnmodified (clean) audit opinion
AuditorHAM, LANGSTON & BREZINA
Plan history3
Yearassets · accounts · employer contribution
2024$82.1M · 728 accts · $1.6M emplr
2023$71.2M · 736 accts · $1.7M emplr
2022$57.6M · 736 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,603
Total administrative$41,603
The Hanover R.S. Limited Partnership 401(k) match · 2024
Employer contribution per active participant$2,798
Median for plans this size$3,635
2024$2,798 per active participant
2023$2,852 per active participant
2022$2,609 per active participant

Hanover R.S. Limited Partnership's 2024 employer contribution ran below the $3,635 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 · 20241
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$41,603

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$41,603 · 0.05%
2023$41,622 · 0.06%
2022$39,755 · 0.07%
Same employer
Similar plansReal Estate & Leasing · Texas
Stream Realty Partners TX$97.1M · 0.31%
Lgi Homes, Inc. TX$91.0M · 0.24%
Stream Realty Partners TX$73.2M · 0.40%
Dwyer Franchising LLC TX$71.8M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760421318 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.