Plan Ledger DOL Form 5500 · updated monthly

Hartley & Parker LTD, Inc.401(k)

HARTLEY & PARKER, LTD., INC. 401(K) PLAN · TAUNTON, MA · plan year 2023

Reported admin expense ratio · 2023
0.07%

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

Hartley & Parker LTD, Inc. reported $8,027 in plan administrative expenses for 2023: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $893 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 0.04% to 0.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Massachusetts (1,785th of 2,726), and 2,737th of 4,246 in wholesale trade. In 2023, employees put in $5.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,402,041
Participants with balances210
Active participants175
Employer contributions$156,360
Employee contributions$824,090
Employer contribution per active participant$893
Average account balance$54,295
Benefits paid to participants$2,908,152
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$11.4M · 210 accts · $156K emplr
2022$11.1M · 213 accts · $159K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$2,789
Investment management$3,027
Total administrative$8,027
The Hartley & Parker LTD, Inc. 401(k) match · 2023
Employer contribution per active participant$893
Median for plans this size$2,440
2023$893 per active participant
2022$1,043 per active participant

Hartley & Parker LTD, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20236
EMPOWER ADVISORY GROUP, LLC · Investment management$3,027
ENVESTNET RETIREMENT SOLUTIONS, LLC$2,211
MORGAN STANLEY SMITH BARNEY LLCindirect comp
MMA SECURITIES LLCindirect comp
MORGAN STANLEY INSURANCE SERVICES Iindirect comp

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

Administrative cost history2
2023$8,027 · 0.07%
2022$4,973 · 0.04%
Same employer
Similar plansWholesale Trade · Massachusetts
The Norfolk Companies, Inc. MA$12.8M · 0.54%
Power Products Systems, LLC MA$11.0M · 0.30%
John Nagle Co. MA$10.1M · 0.05%
American Food Systems Inc. MA$10.0M · 0.31%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 060384867 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.