Plan Ledger DOL Form 5500 · updated monthly

Harken, Inc.401(k)

HARKEN, INC. 401(K) SAVINGS PLAN · PEWAUKEE, WI · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Harken, Inc. reported $89,135 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $347 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 0.36% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 678th-largest of 1,936 plans among Wisconsin employers on file, and the 4,806th of 13,661 in manufacturing. In 2024, employees put in $10.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,427,580
Participants with balances414
Active participants417
Employer contributions$144,840
Employee contributions$1,531,161
Employer contribution per active participant$347
Average account balance$66,250
Benefits paid to participants$2,915,519
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.4M · 414 accts · $145K emplr
2023$25.2M · 395 accts · $136K emplr
2022$20.6M · 380 accts · $133K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$89,135
Total administrative$89,135
The Harken, Inc. 401(k) match · 2024
Employer contribution per active participant$347
Median for plans this size$2,416
2024$347 per active participant
2023$354 per active participant
2022$333 per active participant

Harken, Inc.'s 2024 employer contribution ran below the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$89,135
NFP RETIREMENT INC. · Investment advisory (plan)indirect comp

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$89,135 · 0.34%
2023$81,155 · 0.35%
2022$72,174 · 0.36%
All plans at this employer2
HARKEN, INC. 401(K) SAVINGS PLAN401(k)
HARKEN, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansManufacturing · Wisconsin
Venturedyne LTD WI$27.8M · 0.01%
Mid-States Aluminum Corp. WI$27.7M · 0.29%
Lake Shore Systems, Inc. WI$27.1M · 0.24%
Exacto Spring Corp. WI$27.1M · 0.60%
Onetouchpoint Holdings, LLC WI$27.1M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391086764 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.