Plan Ledger DOL Form 5500 · updated monthly

Hanson Systems LLC, dba Eagle Technologies Group401(k)

HANSON SYSTEMS LLC, DBA EAGLE TECHNOLOGIES GROUP 401(K) PLAN · BRIDGMAN, MI · plan year 2023

Reported admin expense ratio · 2023
0.01%

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

Hanson Systems LLC, dba Eagle Technologies Group reported $1,900 in plan administrative expenses for 2023: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,976 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 rose from 0.01% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 938th-largest of 2,619 plans among Michigan employers on file, and the 5,404th of 13,661 in manufacturing. In 2023, employees put in $3.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,116,791
Participants with balances265
Active participants258
Employer contributions$509,922
Employee contributions$1,750,048
Employer contribution per active participant$1,976
Average account balance$87,233
Benefits paid to participants$1,989,369
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$21.7M · 251 accts · $441K emplr
2023$23.1M · 265 accts · $510K emplr
2022$19.5M · 253 accts · $479K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,900
Total administrative$1,900
The Hanson Systems LLC, dba Eagle Technologies Group 401(k) match · 2023
Employer contribution per active participant$1,976
Median for plans this size$2,440
2024$2,101 per active participant
2023$1,976 per active participant
2022$1,931 per active participant

Hanson Systems LLC, dba Eagle Technologies Group's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231

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$4,650 · 0.02%
2023$1,900 · 0.01%
2022$1,738 · 0.01%
Similar plansManufacturing · Michigan
Stant Corporation MI$23.4M · 0.42%
Niles Precision Company MI$23.3M · 0.36%
Lomar Machine & Tool Co. MI$22.9M · 0.29%
Anchor Lamina America, Inc. MI$22.7M · 0.13%
Agape Plastics, Inc. MI$22.7M · 0.03%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 621753423 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.