Plan Ledger DOL Form 5500 · updated monthly

Harc, Inc.401(k)

HARC, INC. UNION EMPLOYEES 401(K) PLAN · HARTFORD, CT · plan year 2024

Reported admin expense ratio · 2024
1.10%

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

Harc, Inc. reported $111,048 in plan administrative expenses for 2024: 1.10% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,331 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 rose from 0.76% to 1.10%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Connecticut (726th of 1,106), and the 1,575th of 3,341 in other services. In 2024, the employer put in $2.09 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$10,858,997
Participants with balances440
Active participants269
Employer contributions$1,164,956
Employee contributions$557,911
Employer contribution per active participant$4,331
Average account balance$24,680
Benefits paid to participants$1,405,204
Plan auditUnmodified (clean) audit opinion
AuditorFIONDELLA, MILONE & LASARACINA
Plan history2
Yearassets · accounts · employer contribution
2024$10.9M · 440 accts · $1.2M emplr
2023$9.3M · 379 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,458
Investment management$53,590
Total administrative$111,048
The Harc, Inc. 401(k) match · 2024
Employer contribution per active participant$4,331
Median for plans this size$2,416
2024$4,331 per active participant
2023$4,194 per active participant

Harc, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20245
ADP, INC. · Loan processing · Recordkeeping$57,457
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$21,664
PENSION CONSULTANTS, INC · Recordkeeping · Pension consulting$16,865
FIONDELLA, MILONE & LASARACINA LLP · Recordkeeping · Pension consulting$10,500
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill, FIONDELLA, MILONE & LASARACINA LLP, PENSION CONSULTANTS, INC
2023ADP, Bank of America / Merrill, FIONDELLA, MILONE & LASARACINA LLP

This plan has changed recordkeepers within these filings. If you left Harc, 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 history2
2024$111,048 · 1.10%
2023$64,473 · 0.76%
Same employer
Similar plansOther Services · Connecticut
The Kennedy Center, Inc. CT$13.7M · 0.71%
Propark, Inc. CT$13.3M · 0.46%
Reliance Health, Inc. CT$7.4M · 1.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060710289 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.