Plan Ledger DOL Form 5500 · updated monthly

Hansens Iga Corporation, Inc.401(k)

HANSEN'S IGA CORPORATION 401(K) PLAN · BANGOR, WI · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Hansens Iga Corporation, Inc. reported $16,238 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. Employer contributions averaged $362 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 0.56% to 0.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Wisconsin (1,733rd of 1,936), and 4,199th of 5,215 in retail trade. In 2024, employees put in $2.78 for every $1.00 the employer contributed; active participation has grown from 185 to 278 since 2022.

Plan summary
Net assets, end of year$3,533,292
Participants with balances183
Active participants278
Employer contributions$100,668
Employee contributions$279,493
Employer contribution per active participant$362
Average account balance$19,308
Benefits paid to participants$141,283
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.5M · 183 accts · $101K emplr
2023$2.8M · 135 accts · $67K emplr
2022$2.4M · 131 accts · $64K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,685
Investment management$14,553
Total administrative$16,238
The Hansens Iga Corporation, Inc. 401(k) match · 2024
Employer contribution per active participant$362
Median for plans this size$1,313
2024$362 per active participant
2023$361 per active participant
2022$345 per active participant

Hansens Iga Corporation, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20242
CAPITAL GROUP RETIREMENT PLAN SVCS · Contract administrator · Recordkeeping$1,685
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)$14,553

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

Recordkeeper by year2
2024CAPITAL GROUP RETIREMENT PLAN SVCS
2023CAPITAL GROUP RETIREMENT PLAN SVCS

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

Administrative cost history3
2024$16,238 · 0.51%
2023$13,900 · 0.54%
2022$12,179 · 0.56%
Same employer
Similar plansRetail Trade · Wisconsin
Hayat Pharmacy, LLC WI$3.9M · 0.04%
Chrysler World, Inc. WI$3.7M · 0.42%
Wheel & Sprocket, Inc. WI$3.5M · 0.00%
R.A.S. Logistics Inc. WI$2.9M · 0.92%
Homan Auto Sales, Inc. WI$2.5M · 0.88%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391098106 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.