Plan Ledger DOL Form 5500 · updated monthly

Harmelin & Associates401(k)

HARMELIN & ASSOCIATES, INC 401(K) PLAN · VILLANOVA, PA · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Harmelin & Associates reported $108,161 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $2,914 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 0.42% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 1,041st-largest of 3,651 plans among Pennsylvania employers on file, and the 689th of 2,199 in information & media. In 2024, employees put in $2.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$35,853,718
Participants with balances286
Active participants245
Employer contributions$714,047
Employee contributions$2,008,653
Employer contribution per active participant$2,914
Average account balance$125,363
Benefits paid to participants$886,021
Plan auditUnmodified (clean) audit opinion
AuditorMERCADIEN P C
Plan history3
Yearassets · accounts · employer contribution
2024$35.9M · 286 accts · $714K emplr
2023$29.8M · 300 accts · $724K emplr
2022$25.0M · 196 accts · $663K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,802
Investment management$78,499
Trustee / custodial$860
Total administrative$108,161
The Harmelin & Associates 401(k) match · 2024
Employer contribution per active participant$2,914
Median for plans this size$2,416
2024$2,914 per active participant
2023$2,772 per active participant
2022$2,693 per active participant

Harmelin & Associates's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PAYCHEX, INC. · Recordkeeping$25,390
ADVISORNET FINANCIAL · Investment advisory (participants)$77,749

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

Recordkeeper by year2
2024Paychex
2023ADVISORNET FINANCIAL, ERISA FIDUCIARY SERVICES, INC., Paychex

This plan has changed recordkeepers within these filings. If you left Harmelin & Associates 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 history3
2024$108,161 · 0.33%
2023$76,050 · 0.28%
2022$112,437 · 0.42%
Same employer
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Carnegie Learning, Inc. PA$43.0M · 0.32%
Clipper Magazine, LLC PA$42.0M · 0.04%
Elliott-Lewis Corporation PA$41.4M · 0.33%
Integrichain, Inc. PA$36.7M · 0.17%
Times Shamrock Media LP PA$32.0M · 0.07%
Farm Journal, Inc. PA$29.4M · 0.03%
Pencor Services, Inc. PA$29.0M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232222601 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.