Plan Ledger DOL Form 5500 · updated monthly

Hanson Distributing Company401(k)

HANSON DISTRIBUTING PROFIT SHARING AND RETIREMENT SAVINGS FUND · AZUSA, CA · plan year 2023

Reported admin expense ratio · 2023
0.71%

Hanson Distributing Company reported $62,914 in plan administrative expenses for 2023: 0.71% of average plan assets, above the peer median. 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 0.71% to 0.94%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in California (5,612th of 9,483), and 2,989th of 4,246 in wholesale trade. active participation has shrunk from 509 to 388 since 2022.

Plan summary
Net assets, end of year$9,475,858
Participants with balances244
Active participants388
Employer contributions—
Employee contributions$471,970
Employer contribution per active participant—
Average account balance$38,835
Benefits paid to participants$280,532
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 80 accts
2023$9.5M · 244 accts
2022$8.1M · 229 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$62,914
Total administrative$62,914
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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$33,826
MERRILL LYNCH · Pension consulting · Investment advisory (plan)$29,088

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$70,703 · 0.94%
2023$62,914 · 0.71%
2022$63,540 · 0.71%
Similar plansWholesale Trade · California
Adm Associates, Inc. CA$9.6M · 0.37%
All.Health, Inc. CA$9.6M · 0.56%
Exo, Inc. CA$9.5M · 0.03%
Pro*Act, LLC CA$9.4M · 0.12%
Key Code Media, Inc. CA$9.4M · 1.09%
Hatch Baby Inc CA$9.3M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952855792 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.