Plan Ledger DOL Form 5500 · updated monthly

Hansen Properties, Inc.401(k)

HANSEN PROPERTIES, INC 401(K) PLAN · BLUE BELL, PA · plan year 2023

Reported admin expense ratio · 2023
0.26%

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

Hansen Properties, Inc. reported $12,100 in plan administrative expenses for 2023: 0.26% of average plan assets, below the peer median. Employer contributions averaged $314 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 0.28% to 0.26%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Pennsylvania (2,854th of 3,651), and 1,486th of 2,096 in real estate & leasing. In 2023, employees put in $7.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,241,342
Participants with balances180
Active participants177
Employer contributions$55,596
Employee contributions$437,864
Employer contribution per active participant$314
Average account balance$29,119
Benefits paid to participants$129,958
Plan auditUnmodified (clean) audit opinion
AuditorHERBEIN & COMPANY, INC
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $58K emplr
2023$5.2M · 180 accts · $56K emplr
2022$4.1M · 165 accts · $42K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,600
Audit (IQPA)$10,500
Total administrative$12,100
The Hansen Properties, Inc. 401(k) match · 2023
Employer contribution per active participant$314
Median for plans this size$1,308
2023$314 per active participant
2022$259 per active participant

Hansen Properties, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
UNITED OF OMAHA · Loan processing · Recordkeeping$1,600
HERBEIN CPAS · Accounting / audit$10,500

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

Recordkeeper by year2
2024Ascensus, Mutual of Omaha
2023Mutual of Omaha

This plan has changed recordkeepers within these filings. If you left Hansen Properties, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024Not separately reported
2023$12,100 · 0.26%
2022$12,225 · 0.28%
Same employer
Similar plansReal Estate & Leasing · Pennsylvania
Victorian Finance, LLC PA$6.4M · 0.68%
A.R. Building Company PA$5.9M · 0.74%
The Galman Group, LTD. PA$4.8M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232707267 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.