Plan Ledger DOL Form 5500 · updated monthly

Harness, Dickey & Pierce, PLC401(k)

HARNESS, DICKEY & PIERCE 401K PROFIT SHARING PLAN · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Harness, Dickey & Pierce, PLC reported $14,454 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $10,652 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 0.012% to 0.009%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 183rd-largest of 2,619 plans among Michigan employers on file, and the 967th of 11,654 in professional & technical services. In 2024, employees put in $1.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$162,411,994
Participants with balances373
Active participants273
Employer contributions$2,907,993
Employee contributions$3,111,879
Employer contribution per active participant$10,652
Average account balance$435,421
Benefits paid to participants$9,848,077
Plan auditUnmodified (clean) audit opinion
AuditorDERDERIAN, KANN, SEYFERTH & SALUCCI
Plan history3
Yearassets · accounts · employer contribution
2024$162.4M · 373 accts · $2.9M emplr
2023$147.3M · 371 accts · $2.9M emplr
2022$124.9M · 373 accts · $2.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,251
Investment management$2,203
Total administrative$14,454
The Harness, Dickey & Pierce, PLC 401(k) match · 2024
Employer contribution per active participant$10,652
Median for plans this size$3,635
2024$10,652 per active participant
2023$10,732 per active participant
2022$10,501 per active participant

Harness, Dickey & Pierce, PLC's 2024 employer contribution ran above the $3,635 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 · 20242
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$12,879
CHARLES SCHWAB & CO., INC. · Securities brokerage$2,229

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$14,454 · 0.01%
2023$15,110 · 0.01%
2022$16,641 · 0.01%
Same employer
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Htc Global Services, Inc. MI$201.1M · 0.01%
Varnum LLP MI$186.1M · 0.02%
Nsf International MI$170.1M · 0.07%
Bodman PLC MI$161.3M · 0.12%
Serra Automotive, Inc. MI$150.6M · 0.31%
Akebono Brake Corporation MI$148.1M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381429059 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.